If it is not zoned for multifamily and the city has no plans to update that subdivision, you may want to chalk this up to an educational expense.

When I'm analyzing a deal and accounting for future expenses, how much more do you think I should increase my repairs portion in my expenses for section 8?

There is a lot of turnover but we are clearing roughly $1,000 per month above expenses on average.

You would need to document your hours along with the hours of anyone else.Do you plan to pay this 'co-host'.If you list that as an expense on the return it would likely turn as a flag in the event that you get audited.Best of luck.

I'm doing that with my cabins in the Smokies, but I own those, you're not going to find one to rent long-term.Moving furniture is expensive, especially long distance.  

Purchase price: $74,000 Cash invested: $30,000 Beautifully renovated 4-bedroom split-level home that features a new galley style kitchen with 42" soft close cabinets, stainless steel appliances, recessed lights, updated baths with modern vanities and fixtures, large living room that leads to separate dining room off kitchen, three spacious bedrooms on 2nd level with modern decor, large lower-level family room with ceramic tile flooring with well-placed laundry cove, and recently laid sod in front and rear of property.

What we get out of that is lower turn-over, and (hopefully) a little respect from our tenants.With that said, I think the more important question is: How long is one of our rentals empty when it does turn over?  

If you have 30 houses with a total of $3 million in equity, then you could split them into three separate LLCs with $1 million each.The more complicated you make it, the harder it is to keep straight and the more expensive it becomes.

Lots of pockets showing high demand and infrastructure growth. 43609 is getting better and better and even too expensive in some parts…Further East of 43611 is turning43610 has nice streets 43605 border of Oregon and heart of Birmingham are great 43607 Scott Park is very interesting and use to be rough.

Talking with the seller can lower the price or make the seller pay for fixes.