New buildings may requires those improvements, and rehabbing may require installation but otherwise older buildings can remain as is.

How much did you invest into the house improvement-wise?

You might get the rating improved, maybe even to the point that flood insurance is not required.- Pay to raise the house up on pilings. 

A lot of businesses are having a hard time these days and over the past year and doesn't seem like that is likely to improve so best to look down the road and plan and see if they are still good investments.  

Price has to be right to allow for the updating, and then 203K helps you buy the house and fund the improvements. 

@Phat Dao, most improvements you hire a contractor for LOSE money and a garage is probably one of the worst tbh.

There are SOME houses being flipped, but the city is in no way looking to make any major improvements to the area.

ReturnsCOCROI upto 55% after moving outCost to live there (after vacancy and maintenance) $341 a monthUse your FHA, you'll want some cash in your back pocket to buy stuff you'll need to improve and maintain the property.

As we get more reviews and eventually get bumped to super host status we expect those numbers to improve a little, too.

Would like to put into LLC for improved tax benefit and protection.