House Hacking.

If the unit they are renovating is vacant, they should be fine moving into that unit and using it as their primary residence...not what they wanted to do, but c'est la vie.

In Philly, my current tenant is paying 3x the long term rent through CRS (a temporary housing provider) because he lost his home due to a fire. 

Happy to send it directly if someone wants to DM me.The guide is unattributed and has no promotional content other than on the last page there is a brief mention of the RI Coalition of Housing Providers (a landlord advocacy group which tried to work with the legislature to mitigate the challenge of this new law) and RI Real Estate Investors Group (a networking and education group that has educated RI landlords on new laws like this since 2003).Hopefully everyone reading this is already aware of this new law and has already submitted their info to the new registry!

I learned a ton on my first few flipps (and had the advantages of already invested in rentals and land development first.Check with your bank and see what you qualify for and keep in mind you will need to fund the renovations so those funds will not be coming from the traditionally bank lender but rather from other sources.

Here's the screen shot of the journal entry when I put the house on the ledger.

What are you referring to when you say more affordable housing?  

If you don't h ave any of those three or all of them to renovate, I prefer investor to buy rent-ready properties so there is no turnaround time other than getting it rented.

Another thing to note, certain renovation costs can be eligible for Qualified Improvement Property (QIP).

So maybe now less sales get done.Maybe the big boy brokerages go all in house, so don't pay a buyer's agent.