It may or may not have central air, deck, porch, etc.

So your 50k doesn't stretch as far as you think once you start adding everything up.Thank you for this information, it gave me a lot more clarity.I was thinking for my first deal, I could find a property for $125,000 including down payment and use an FHA loan so I only put 3.5% down, I’ll be using less of my $50K capital which will help prevent my $50K from getting drained after down payment, closing costs, etc, let’s say $12,000 total, I’ll have $38,000 left in capital. 

•This prevents you from depreciating two roofs simultaneously.

For example my simple spruce up would be, renno bathroom, and kitchen, paint, and redo carpet upstairs.But if i think real deep into what I could do to make it a STUNNER then I think, knock down walls, create more open/broken floor plan, add central air, possibly do an addition to add a 3rd bedroom and second bath.So when you could do ANYTHING .. how do you draw the line of what you should do?

This law basically prevents wholesaling when the wholeseller owns title.

Condos have much more risk than a SF rental.A condo HOA can decide there are already too many rentals in the community and prevent you from renting yours. 

I'll take my answers off the air, lol.YG

You can make minor adjustments based on the type of appliances (dishwasher, clothes washer and dryer, air conditioning, etc.) and the size of the rental.

Hello all,I am a new investor and have been looking at house boats on marketplace and have been wondering about their short term rental potential. Has anyone here tried this before? I am wondering what kind of costs t...

I see too many new investors want to house hack, but also brrrr, but also flip, and maybe an air bnb in there too.