You can expect to pay $150 - $300 per square foot, which is what it would cost to build an ordinary home.

You can also look into a process called RUBS which breaks out costs based on people and square footage.

I'm not in NYS, but in WA you can google the law and find what is required.Going off the top of my head here for WA:Deliver a copy personally to the tenant.If the tenant is absent, by leaving a copy with someone of suitable age and discretion at the rental unit AND mailing a copy.If neither of the above are possible, by posting a copy on a conspicuous place on the premises, handing a copy to any person living there, AND mailing a copy.There's also a form that goes along with notifying them.

The home is 2 stories and 2,806 square feet and was constructed in 2023.

Also, value add, adding square footage or beds/baths is still a great opportunity if you want to BRRR or flip.

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

Calculating the Deduction: Choose between the simplified method (a flat rate per square foot) or the regular method (actual expenses).How do you manage your home office deductions?

For example, Fountain Square or the Near Eastside will jump to 30 days on market around Halloween, despite the fact Broad Ripple or Fishers will remain ultra-competitive because of their respective higher demand / low inventory. 

I live in WA state and bought my first 4 properties in Ohio.Word to the wise, it can look good on paper but the old saying "you get what you pay for" holds very true in a lot of those markets.

Basically back to square one after spending thousands on this shiny object.