I had two large beach houses, one an 8br and another 13.  

Hired general contractor to renovate the home

The value of the house is around $384,000.

So i found a house that has tall ish grass and a broken/open window with no mailbox at the location and i was to buy this property for my first house to live in for a while then eventually sell.

I have a house in Toledo, Ohio that I’m trying to get over the line with section 8 inspection.My contractor (who I know and trust) did significant work to ensure the house was up to code.The first scheduled inspection was cancelled by the inspector stating there were too many deficiencies, I endeavoured to reach out for details of the deficiencies but was met with silence and unable to get any info.The second inspection came back with a list of 18 items, some of which I consider petty, such as a small groundhog hole in the backyard.She is also asking for “Front attic window area and front fence needs a full house lead clearance examination by a licensed lead inspector “.

For example, I’m doing three side by side duplexes and it’s costing me $135 psf, but I had to spend an extra $10k per foundation because of bad soil, and the smaller the property the higher the cost psfI’m working on a 28 unit with elevator, demo required, green roof, and it’ll cost me around the same psf as the duplexes.I’m doing three side by side triplexes which are full renovations, basement digout, all new facades, and that’s costing me about $106 psf for construction Non of these numbers include architecture, geotech, MEPS, environmental, utility plan, or finance costs

When doing renovations to a property you should notify the carrier in advance and they may require a builders risk policy as well.

While long-term rentals are still an option, I’m noticing that many investors are shifting towards STRs to boost their net profit.Here’s where I stand:VA Loan for leverage: I’ve found some great properties that could allow me to house-hack or set up a traditional rental.

But we have a lot of interaction with guests before they ever arrive - we require a photo ID of whomever has booked our house (and the name and info has to match the booking info), a working cell phone number that we will send a test message to by text to confirm it belongs to the guest (or is at least in their possession), and we converse with them to let them know what to expect from us (and if we have any specific concerns we share those as well) - for example, this week if we had anyone scheduled to arrive we would be discussing the incoming hurricane. 

Doing a 1031 exchange and buying a personal house.