It's essential to do your due diligence and perhaps consider investing in more established or upcoming neighborhoods.Property Taxes: New Mexico's property taxes are relatively low in comparison to other states.

Finally the pro formas that they provide are absurdly basic and neglect at least 25% expenses, so are essentially useless. 

Instant equity creates a margin of safety.

Essentially, the Finish Schedule is a spreadsheet that contains all of the product links, SKU numbers, quantities needed, and installation locations for every single piece of material that goes into your project.

To remedy that, the carpets should be ripped up and sealant applied to the subfloor, at minimum.There are also tiles in the smaller upstairs bathroom that are lifting up and creating a safety hazard; putting a rug on top is not a sufficient solution.The house is in a condition that materially interferes with the health of household members.

The tenant is understandably frustrated and has mentioned safety concerns due to slipping hazards caused by the water.

Hotels are definitely not fans of STRs but it is regular people and safety officials that are pushing for these regulations. 

Two flats are essentially just houses.... they trade like houses and there is a lot of emotion involved.

Both properties have a substantial amount of equity that’s essentially sitting idle.Would it be a good idea to tap into this equity (through a HELOC, cash-out refinance, etc.) to fund future fix-and-flip projects or purchase additional rental properties?

but careful planning and documentation are essential""...making sure that your wife understands what she needs to do to document her hours and activities."