Hello guysReno got costly on this last BRRRR deal.

My clients had a home under contract in a HOA last year and they wanted to have the medium term rental strategy as a backup for the home.

Needs complete rehab ceiling is showing mold in living room and room kitchen cabinets has to be more updated flooring needs redone painting outside and in bathroom needs to be updated the property value is estimated 401k highest 437,090 rent in area I seen 2600 lowest highest being 2750 a contractor roughly estimated told me I’m looking at 134kIf it makes sense ofc I would love to hold and LTR  the sqft is 1214 I see same houses sold ending of last year for high as 450 that was smaller 1,140 sf 

Didn’t pay his last two months of mortgage payments.

If you put anyone in a long-term lease, they should be adequately screened, all funds paid, the lease signed, and every other requirement met 100% before you hand them keys.People who pay cash and want to move in immediately are often the worst renters, usually desperate because they were just kicked out of their last place.

Unless the rules have changed - and I don't think they have in the last year or so,  you can buy in the same market if its an upgrade, or 50 miles out.

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You don't have to get it exactly right. 5) This is new from the last post.

I don't remember when was the last time that I have to go on IRS and/or my local taxation website to file payments personally. 

But I would be willing to pay for the first 3 months upfront and the last 3 months after the first three end.