Replaced both toilets with brand new ones, replaced the 2 car- garage door with a brand new one, had all the walls freshly painted, put brand new baseboards in, and had the kitchen cabinets painted as well.

Bigger Pockets is a great place to be, whether you're a seasoned investor or brand new to the REI world.

Depending on the state, you will need a designated agent for your LLC, in that state.

For my personal properties, I design the mortgages so that I'm just above cash flow neutral. 5% of the gross income is a good number I shoot for above neutral.

Best of luck to you working through the renovations - if you need any design advice, feel free to reach out!

Property details: 3 bed 2 bath both sides with attached garages, aluminum siding, copper plumbing, 1972 construction, separately metered, all electric water heater, range, dryer, public water and public sewer on a slab foundation in a great school district right next to brand new construction everywhere.

Yes, it is possible to obtain a second FHA loan, but only under specific circumstances, as FHA loans are designed primarily for owner-occupied properties.

Sometimes minor tweaks to the design can garner their support which is far better than having an adversary. 

Advice on Layout/Design: For those who have added ADUs, do you recommend standalone units, garage conversions, or a combination of both?

We remodeled and remarketed it under our brand HomWork.com, as a coworking/coliving property for entrepreneurs and business professionals.