I have had roommates and been remodeling the house and will be putting it on the market in June.

Insurance won't pay for that either and then you're getting personally sued (no matter how many LLCs you have).4) When you go to sell the property, a savvy appraiser discovers your remodeling and asks you to prove that the work was permitted.

The subject property is always brand new remodel with nice material, and the appraisers keep picking the bottom of the barrel comps that haven't been updated in 30 years, while passing over perfectly reasonable remodeled comps right there on the list. 

The technician they assigned said a rat chewed my pipes.If you have a clogged toilet, they'll say it's not covered because of limescale deposits.If you have a malfunctioning water heater, they'll say not covered because of sediment and lack of maintenance.Home warranty companies have had plenty of time to craft every sort of denial imaginable. 

The whole remodel took 3 months.

We have a piece of commercial property that we are in the process of remodeling and we will be leasing it out once we’re done with the remodel.

What some people do in expensive markets though is look for poorly managed/needs complete remodel multi units at a large discount that you renovate with your own workers and you can make a good amount of cash from the negotiation alone and compound that with the power of efficiently renovating it.

May have to pull that up or change the toilet flange if the heights aren't correct and you want to put down LVP.One thing people forget to consider on flooring layers is door bottom interference.

Cash will be necessary whether it's to float a long term rental experiencing abnormal vacancy, or to provide a contingency fund to cover cost overruns on a remodeling project.It takes time, but knowing rehab costs is essential if value-add is your goal niche.

You're not in the middle of the deal; no tenants and toilets; no worries about the housing market crashing, etc.