With $27000 reno cost and an added $225/mo how long is that to break even?

If you had identified the property, the cost and the travel cost would have been added to the basis of the property and depreciated.These initial investigatory costs are treated differently for flipping and rentals.1) Flipping: The travel cost to investigate will be treated as a business cost and deducted as an ordinary travel cost.

Buying land without this and adding the infrastructure to do it yourself will be really expensive. 

- Highly recommend REQUIRING tenants to get Renters Insurance and adding you, as the landlord, as additionally insured.

Do you suggest adding a package to my digital guidebook or offering it differently?

I sent you an email😊 You're very welcome and I've added you to THE MTR Connect. 

If anyone is interested, DM me for the complete study....Eric Do you manage STR's ad MTR's in the area?

After adding an extra bedroom and bathroom and rehabbing the house, I was well over budget.

In this case, since they are borrowing their payments, these would get added to the principal balance each month, and interest would be calculated on that.If, for example, the interest rate on the note were 10%, they would implicitly be borrowing their payments at that rate.

Last year January MN enacted the biggest # of changes all were added details and raised the bar of requirement for Landlords, including some specifically detailing how a listing must be detailed.