It benefits your property hugely to have these cleaned and it doesn't cost much.

But one thing we do is if the project is extensive (which usually means more potential surprises), we'll have our service providers walk the property with us and provide more accurate estimates on their SOW.

The idea of house hacking a duplex sounds like a smart strategy, and $25,000 towards the down payment and closing costs would be an amazing help.

With construction costs today, and rental rates in the neighborhoods where most of the properties are location, you usually can't make the numbers work.

You should have a clear understanding of property tax rates, insurance costs, repair costs, utilities, landscaping etc.Any buyer must develop their own proforma and that is what should be relied on.

Looking at a potential deal, but want to avoid pitfalls.  

Hello Tax pros,I am planning on executing a 1031 Exchange (simple one - no boot, same owner, etc.) using IPX 1031 sometime over next couple of months  (already had call with IPX) and had a question relating to my taxes on the potential upcoming transaction.  

How do you think this will effect rental rates , home sales ,  construction costs , and insurance costs in Florida and up and down the coast  ?   

Secondly on a single location policy who is everyone finding to have the most competitive costs?

Hey Owen, yes, it's possible for both of you to be on title, split closing costs, etc.