You could even ask the seller for the plumber they used as a starting point.

Start looking for a new PM immediately.

Basic services like garbage collection don’t qualify.Material participation: Owners must pass one of the seven material participation tests, such as:You spend more than 500 hours working in your short-term rental business.You carry out all the necessary tasks to run the business yourself.You work more than 100 hours in the business, and no one else contributes more time than you do (this is often considered the best and easiest test to meet).

I will post the before and after pictures, hopefully it can help anyone starting this journey, we are new investing out of state but NOT new to handlining construction project out of state for clients, looking forward to the challenge!!!!

Dillian,First off congrats on your journey into real estate, and no better way to get started than a house hack.

The upside is typically better returns (assuming not totally mismanaged) and management is business hours not 24 hours, typically.

I had to file a lawsuit against the builder in Panama for nefarious behavior and not doing what he said.The lawsuit started in 2019 and it is still ongoing.

I made that mistake a lot in the beginning - yes putting in new cabinets will be great but it won't impact value much in some of the neighborhoods I'm investing in, for example.If you're local to the area, I think this is a great way to start in the REI world!

There doesn't seem to be enough information to support that.If you purchase a property but then spend 4 months rehabbing it before its first occupancy, your depreciation starts from the date it's placed in service (first occupied) not the purchase date.

My family and I just recently took a short vacation to Wilmington and the house we stayed in really lit a fire in me about getting started because it was so ideally situated.