I have 6 Co-Living properties (41 rooms) in Colorado Springs.Insurance:I've been seeing insurance companies start to offer Co-Living specific products that are very expensive (2x-3x normal cost).

For short-term rentals (STR), the IRS requires you to prorate NORMAL depreciation based on the time the property is available for rent, not when you purchased it.

The one to four is a very comprehensive contract that covers everything and even has room for special provisions when something out of the ordinary needs to be spelled out.When doing not so normal purchases like a sub-to, I dont use the TREC, but one that I created from several other contracts.

Charlottesville permitting is usually a nightmare and I can tell you that if you are trying to do something like that fully up to code then the city's standard is going to be more or less the same as a normal house/structure.

@Scott RayWhat you are paying is normal and not double taxation.If you want to only pay tax in the U.S.A., while residing in Canada, then you would need to hold the assets in an incorporated entity.  

While this amount of evictions seems higher than normal, even for a rough area, in general low end areas = fewer qualified tenants = more tenant fraud and more consistent evictions.

Additionally, I normally build in at least 7% of the purchase price going towards transaction costs when selling a property.

Looks like a normal C- Ohio crapbox.

I’m also a long term equity guy, so just having tenant pay my mortgage is enough of a deal in current climate.On the positive rents are very high for this area and even this time of year when normally I’d see no leads for an open unit I’m seeing 1-2 a week for unit we’re remodeling.Good luck in the search and congrats for doing it yourself.  

Any advice on the normal process you use prior to making an offer would be greatly appreciated.