Permitting for residential renovations may apply in cases where you’re making additions or alterations.

They also can alter when you can rent or how often. 

That translated to $144,000 per year… so more than triple what the 4% rule would allow.  

And if you end up 1031ing after a year or two in a hot sellers market it's conceivable that you have 25% equity left after the refi plus an additional 10-15% from appreciation. which translates to almost 40% equity. 

My sister helped translate. 

A lot of people get nervous and tank a good deal and we could be missing something in translation here, but how hard did you have to work to get the deal? 

If you choose to keep it make sure you have it inspected at their expense and make sure you get in writing that this is a permanent fixture and the expectation is that they not alter the property back. 

A growing economy translates to increased job opportunities and population growth, which can drive both rental demand and property appreciation. 

However, smaller down payment=bigger mortgage payments, which alters your cash flows.

It is possible to do the same with a PM, but probably years versus weeks and a few months. that has translated to me now looking for class B buildings and creating my own management team that I trained for my goals.