If your home is owned outright then you're NOT holding one of the largest credit extensions that the average homeowner has, and a $100k loan against a $600k asset would be widely regarded as safe. 

Sometimes they can know its going to be an extensive replacement based on condition or looking in an attic etc. but often they don't.

It also sounds like you’re only looking at the immediate - what happens if your renters don’t pay and there’s an extension of the eviction moratorium?

I would probably ask for a lease extension to justify the investment.

- Given above, weare thinking long term rental and not extensive rehab.- We are educatingourselves, but have no REI experience.- Target is cashflow of $30,000 and up, per year, after no longer than 2 years.- Some appreciationcan be forgone for cash flow, but appreciation still ideally above 4%Also, you thoughts on the reasonableness of our target would be appreciated!.

Meanwhile, DHM requests an extension because we obviously weren't going to close on time.

There will be an extension of the employee retention tax credit in the Low-Income Housing Tax Credit program.

.✅ We are partnering with Greenbrier Property Management to implement our business plan, which includes extensive lease management and premium unit turns along with driving NOI growth through decreasing expenses and increasing revenue through additional income streams such as pet fees and RUBS. .✅ This deal had its fair share of 2020, such as agency financing falling through due to lack of time and their loan backlog.

You can create a lease extension addendum (example below).If you have concerns about the tenant not moving out in 7 days or more specifically if you have someone moving in close to their move-out date you can write in penalties or large daily rent increases to discourage them from staying longer.Example of addendum:The Residential Rental Contract "Lease Agreement" entered into by the parties listed below for the property located at: XXXXXis hereby modified to include the following terms:The lease end date is extended to All other terms of the lease agreement remain in full effect.

Getting two units bought at $105,000 left a lot of meat on the bone for an extensive renovation that would still cash flow like crazy!