For leases entered into on or after July 1 2020, the owner would only be permitted to occupy the unit, if the renter agrees in writing to the lease termination or the lease includes a provision providing for lease termination based on owner or owner-relative occupancy;Withdrawal of the rental property from the rental market;Intent to demolish or substantially remodel the unit;Owner is complying with a local ordinance, court order, or other government entity resulting in the need to vacate the property.'

That way, IMO, you can lock them in for whatever timeframe their remodeled home stays affordable for them.

The reason your home is a liability not an asset is because here is what happens.... example: you rent for $1500 or you can buy for $1500 it’s definitely way better to buy, pay a loan off and have a house worth something vs renting, you never get anything.... but what happens after you get a promotion or make more money you move out and get a house that is $2000 then you go to $2500 or when your house appreciates you refi cash out and spend the money on vacation or a home remodel.... you stretch yourself so thin that you have no extra money and your home is a liability... this is how a vast majority of people do it so that is why their home is a liability.

If you need to remodel your unit you’ll have to hire contractors at $150+ /hour.

Possibly a year.Estimated Resale: $1,310,000 (confirmed by an appraisal) Could be more/less depending on where market will be in 8 to 10 months.The project entails remodeling the 1st floor and adding a 2nd floor to increase sq footage.

APOD (Annual Property Operating Data), scoop of work for remodel, and comps showcasing an ARV.

Contractor : Who can Time and Budget Estimate do patch up or remodel a house.4.

Current property i'm looking into has possibility of 2200mo '1300mo currently making' with a price of the building for 55k has been remodeled inside strangely low in the area sold by owner???

@Brett Kash there are a couple of products available used by custom builders and remodelers called Coconstruct and Buildertrend.

People here don't ask useful questions about the differences between rehabbing a 90-year-old bathroom in a Rust Belt city suburb last remodeled in the 1950s and rehabbing a bathroom in 1990s-era construction in Florida.