Of course, cashflow is after mortgage payment (interest and principal) vacancy, insurance, condo fees (if applicable) city taxes, utilities (if not paid by tenants) maintenance/repairs and capex

When we purchase the property we will be renovating all of the units 100% so new applicances, kitchen, windows, doors, cabinets, bathrooms and balconies.

., capital versus ordinary gain/loss) are reported on the applicable forms (e.g., Schedule E or D, or Form 4797).

This is refundable to them provided that their pets do not provide cause any damage to my home.2) I only allow one pet and I require them to upload a photo of their pet at the time of their rental application to protect against any changes.3) This one isn't necessarily a guideline, but a practice I implemented: I have tenant-proof AND pet-proof materials in my rental such as luxury vinyl flooring, quality tile, and furnishings that can withstand pet accidents.I am also considering charging pet rent, but it is a mere thought at this point.

It is a townhouse by the way and I know some people don't recommend rent-to-own's on these.I've had around 15 calls and emails, some which are looking for rentals, some which are section 8, and some which are delirious. 3 showings thus far but no applications yet.

(B) (1) WHEN A LOCAL AGENCY THAT HAS NOT ADOPTED AN ORDINANCE GOVERNING ACCESSORY DWELLING UNITS IN ACCORDANCE WITH SUBDIVISION (A) RECEIVES ITS FIRST APPLICATION ON OR AFTER JULY 1, 1983, FOR A PERMIT PURSUANT TO THIS SUBDIVISION, THE LOCAL AGENCY SHALL ACCEPT THE APPLICATION AND APPROVE OR DISAPPROVE THE APPLICATION MINISTERIALLY WITHOUT DISCRETIONARY REVIEW PURSUANT TO THIS SUBDIVISION UNLESS IT ADOPTS AN ORDINANCE IN ACCORDANCE WITH SUBDIVISION (A) WITHIN 120 DAYS AFTER RECEIVING THE APPLICATION.

I would also plan on a new furnace and (if applicable) air conditioner.As far as interior condition - I would not be surprised if copper pipes and electric wire have been stripped from the interior.  

Not suitable for DIY applications.

Mine has been saying application has been paid for a month now and still no payments!

@Jason WilliamsIt’s collected through withholding of 10-15% of the sales proceeds by the title company, closing attorney, or whoever party is facilitating the transaction.Yes it’s because the property is on US soil - see the Foreign Investment in Real Property Tax Act of 1980.The tax rate on and character of the gain are the same as those applicable to US persons.