One of the reasons I am looking gin areas that have 12 months vacation seasons, is to make sure the rental will stay occupied all year round.

Basically it's the cost for replacing large ticket items such as roof, siding, furnace, AC, etc.

Every municipality is different so I don’t know if that’s acceptable for what you’re doing but a good “bcin designer” as we call them here should be able to point you in the right direction as wellIf you don’t need the sound rating you may get away with less than what I had to do.. this is a good reference of tested assemblies by USG.. check pages 18-19.

The great news is that I've had a 40% response rate after only two rounds with a few motivated sellers, however I need advice on what to do with the following response I received from an owner that I consider a reach but still "on the fence".Chris...I just want you to know that I wont be selling the lot.

A belated welcome from Round Rock!

Thanks everyone. that is some great well-rounded advice!

We've purchased hundreds of houses (generally for cash), and with the exception of one or two situations where there were hidden issues that the owner knew about but didn't disclose, we never made an offer and then tried to negotiate a discount.You may get away with this a few times, but if you're buying a lot of houses (especially if you're buying from other investors/wholesalers), you'll get a reputation for throwing out offers and then trying to renegotiate. 

There are mold remediators out there if you don't want to tackle it yourself.For a Live in Flip, keep your sanity by choosing one room to NOT work on, one place where you can get away from the dust and mess.And if you're living in the flip for the tax gains, do not sell even one day before those two years are up.

Those who invest without considering the emotional investment and what-ifs usually add them into round two or three of their portfolios.  

I do the round trip to show my displeasure with the requirement (and the fact that they were charging inactivity fees without informing me) and to demonstrate that it will have no effect on how often I use the accounts for substantial business.