Purchase price: $2,800,000 Cash invested: $560,000 The property is a three-story multi-family residential building with six independent units, initially facing significant challenges due to poor conditions.Renovation Investment Summary:- **Structural Repairs:** $250,000- **Kitchen Modernization:** $100,000- **Bathroom Updates:** $50,000- **Exterior Improvements:** $100,000- **Holding Costs:** $50,000- **Property Taxes:** $30,000- **Insurance Costs:** $10,000- **Management Services:** $10,000

This is very much in contrast to Texas where it is not fixed and regularly between 3% and 4%.  

Aloha @Daniel Kam - most of Kakaako has a 180 day rental minimum, so if you haven't checked with your building association, I recommend you verify what the minimum rental period is for your building.If you are allowed to rent for less than 180 days, you will then need to apply for a GET license, and well as TAT/OTAT and pay the appropriate taxes on a regular basis.  

Getting a FincenID makes it easy if you have more than one or expect future updates. 

.: Update: got to the bottom of the most recent issue which turned out to be a miscommunication between Newrez, our bank, and the new loan servicer for Newrez which is Shellpoint.

This is the exact same approach we are taking - information has gone out a few times in our newsletters over the last year and a half, with more details available upon request, along with FYIs to clients at year end or other regular meetings. 

This isn't always a deal breaker, although many carriers tap out at 100 years old even with updates.2.

I do require full screening for the incoming tenant, and updated income screening for the full group of tenants.

These problems often occur in vacant homes due to lack of ventilation, climate control, and regular inspections.

I am in the Austin area and I'll update my profile page.