I recommend modeling your family budget for a year and conservstively project project your income, investment growth and expenses conservatively out to at least 80 years old.

I remember working with a friend who inherited his aunt’s home.. he got so caught up in the emotional side of it that he forgot the nuts and bolts..like having a good plan for the renovation budget and timeline.

Hard Money finance, with about $5k of my own funds going into some over-budget costs.

He told me I could deduct the meal and mileage but not the golf because that was considered entertainment.

Our contractor wasn’t prepped for the bespoke chaos, costs ballooned 20% over budget, and the timeline stretched from three months to eight.

If you were to sell the rental, what would be your budget and buying criteria to house hack?

I'm not sure what your specific market is but especially on a new build their is some kind of TIA budgeted by the ownership.wast that negotiated as part of your lease by your tenant rep? 

🌲🏕️ 🔹 114 acres of outdoor fun, developed in two phases:🔹 Phase 1 (60 acres) breaks ground in mid-2025, opening fall 2026🔹 Budget: $8.7M for design, permits & Phase 1 construction 🏞️ What to Expect in Phase 1:✅ 1-acre dog park (separate areas for big & small dogs) 🐕 ✅ Bike trails & nature-based playground 🚴‍♀️ ✅ Scenic rest areas, restrooms & picnic shelter🏕️ ✅ Multi-use path along Eastfield Rd + parking 🚗 📍 Location: 13729 Eastfield Rd, Huntersville, NC 28078 📊 Real Estate Snapshot (28269): 🏡 Avg Home Price: $384,732(+5.1% YoY) 🏠 Avg.

If you're targeting groups in mountain homes, they'll likely value in-home entertainment.

We're still in the process of obtaining numbers from some subs in the area for the construction budget.