If you can live there for 2 years you could sell tax free (2/5 year primary tax exclusion).

Price materials and labor cost will depend on how large of scope of work but a good company is going to be around 3500 a week plus cost of over head we also pay 30% tax on our income also like you guys but if you anticipate 4 week rehab well be ready for minimum of 14k in labor +14knis low end in my opinion... now I'm currently eating my lunch on a rehab from hell but it's gonna be a work of art from where it came from... this was the worst of the worst in my career water damage to all structural raised the roof on a horrible addition and did it correctly. 

I have a few investment properties, but i am soon to be closing on my primary home to live in.

Additionally, if their capex budget was only forecast for 5 yr hold, and they are now anticipating 10 yrs, they may be seeing roofs, exterior repaints, other exterior repairs (stairways, railings, parking lots) that they assumed they wouldn't need to address, but now need to.Things to look for: positive DSCR TODAY, not on pro forma numbers.  

My wife and I own and operate 23 senior living communities (assisted living, memory care, and independent living) across Colorado and we are now expanding into Arizona. 

If this is your first investment i would also factor in distance to where you live. 

If the Tenant’s visitors stay outside of the 14 days; Tenant will be charged an additional $70 every 14 days that the Tenant’s guests are staying in the unit.”

I hope this helps, it can be a great market and we live in a beautiful place, we just have a lot more competition now!

I live in California and will be using PM company.I can afford an overhead, when not rented of about $1000 per month.Is it better to buy a condo or house?

Hi,I live in Fort Lauderdale.