Replacement cost approach: Used for things like insurance to determine how much insurance you need if for example the house burns down and needs to be re-built. 2.

RE investments are a business and as costs go up you have to raise prices.

Second would be connecting with RE folks in your local market either in person or here on BP.I think house hacking in McDonough is a great place to start.

What will be the cost of THAT money compared with the cost of a refinance of your current home at today's interest rates - taking into account that you will be able to write off the mortgage interest for a rental on your Schedule E once you turn it into a rental?

I'd say the Bigger Pockets forums are one of the best places to explore how to put your money to work in RE. 

Maybe even a 7th bedroom /w bath by converting part of the garage.That kind of modification might hurt the resale appeal to a future owner-occupier, but let me tell you, it's STR gold. 

Possibly in the future after gaining more insight on what these expectations are like I can include it into the rent. 

Whereas the neighbor's insurance company or the neighbor may be found responsible for paying future damages caused by their trees.I have a rental house with two neighbors large trees overhanging on both the side fence and also the rear fence encroaching toward my newly re-screened pool cage.

RE agents are feeding into this by offering introductions to "trusted" contractors or misrepresenting how "easy" it is to find a contractor and handle the renovations as a DIY GC.We've always had a hybrid model where we help investors purchase a property in a solid area that needs rehab.

Hey RE Pros!