We plan to buy a second house as well.

I am planning to BRRRR in DET and do turn-key up here as we are so short on labor. 

I have a 3BR, 2BA, 1380 sq. ft. home in the Villas neighborhood of Ft Myers that I plan on short term renting via AirBnB. 

Key conservatorship issues to considerAny plan to exit Fannie and Freddie’s conservatorship should promote market liquidity, and thus, access to mortgage credit.

I would guess much larger than what you are planning.

If this is your only rental, DIY could work for now, but a one-time CPA review is recommended to ensure accuracy and tax efficiency, especially if you plan to expand your portfolio.This post does not create a CPA-Client relationship.

Hi Julia,Rehabbing fire-damaged properties can be a profitable venture, but it requires careful planning and additional considerations.

I would recommend calling your local codes department or planning board

With rates where they are, I'd expect you don't plan to be in the mortgage for more than 3–5 years (maybe less) depending on where the bond market goes. 

Construction is almost always tricky to understand the costs upfront because of the unknowns, also really dialing in your renovation plan before purchasing makes things simpler and quicker.