With strategic upgrades and modernization efforts, these properties can be transformed into sought-after residences, thereby increasing their value and rental potential.LOCATION, LOCATION, LOCATION – These Condos are often in prime locations in established neighborhoods, providing a sense of authenticity and charm that appeals to both residents and tourists.

The old fashioned is LandlordLocks which gives you master keys, vendor keys and easily changeable tenant keys. 

I see a lot here that are around that $40-$60 (even less) number that would take $5-$15k to get modern and current.

It is well suited to remain a fairly dmage free structure during any hurricane which is a huge cost consideration on island.The mansion has no exterior clapboard wood and requires much less maintenance than other woodedn victorian homes or modern beach houses in that respect.

By default, the Mortgagee is both the one that lends and the one that has an insurable interest and therefor both descriptions pertain to “Mortgagee”.Which is preferred: Traditional Banks always only require they be listed as the Mortgagee whereas Hard Money and or Private Money; it’s 50/50.Now, you’re probably wondering in what instance would someone be listed as a Loss Payee but not Mortgagee- well, let’s say someone lends the property owner money in a non-traditional fashion - we can chat more about this later -whether it be for the property or for something else, doesn’t matter, and the borrower uses the property as collateral.

My “exit strategy” is not to sell the properties but to modernize it.

A failing system typically cannot be simply handed off to a buyer without remediation and replacing an aging septic system with a modern alternative treatment system (ATS) can be a significant financial undertaking.

Purchase price: $1,075,000 Cash invested: $160,000 Indulge in modern luxury at this fully renovated 4-bed, 2.5-bath home boasting new roof, AC, windows, and pool equipment.

So, the clock should start when Title is transferred.Obviously, if it takes some time to transfer you can build up some appreciation depending on market conditions, and good to know especially for the heir to sell in a timely fashion to take advantage of the exclusion.Good luck.Good luck.

I was expecting testing, experience requirements, etc.To date, I've done around 60 projects in Philly as a GC and started off in a similar fashion as you're proposing.