Long term I would like the property management company to have +-200 units including our mid/short term and a team of 3-5 agents working alongside.

The 2nd and 3rd floor needs rehab work including, - Full Painting Flooring (Vinyl/Linoleum)- Replace Kitchen cabinets- Renovate the Bathrooms (replace tiles)- Drop a wall and make a corridor- Electrical throughout My question is, do I need to apply for a permit for all of this work?

My capital gains will be about $150k.I'm thinking about raising my realtor fees (ie 10%-20%) in order to lower my capital gains reported.So it would look like this:Sale price= $245,000Realtor Commissions= $24,500(at 10%) -My managing broker only charges me $500 for each transaction no matter how much the commission is so my splits will not change at all based on the percentage.capital gains (figured after ALL selling costs including commissions noted above= $125,000If I do not claim realtor commissions, my cap gains would be $150K.

The chart below shows the additional cost for a base rate for situations including investment property.

These enhancements included a range of updates and repairs to modernize the home, improve functionality, and enhance aesthetic appeal, making it competitive in the local real estate market.Holding Costs: Throughout the renovation and sale process, holding costs amounted to $5,000.

There are many avenues to exhaust including here, your local REIA and your state multi housing association prior to engaging a paid coach.

Preamble - identifies Lessor (property) and Lessee (laundry vendor) - includes date of execution & lessor description and address, A typical lease will include number of apt. units and identifies number of units with connections (if applicable) - keep in mind that if you have in-unit connections for washes and dryers you present competition for the laundry room resulting in possibly reduced usage and reduced revenue.

Now some of you may say well yes they can reinvest that $7900 every year, but in real estate its difficult to invest $650/mo including the time you are spending on it. 

To people that are used to living in houses built in the 70's and later, not having a bathroom on the top floor may be a deal breaker, but if this is a popular part of town, particularly if it tends to feature older houses (1920-50's), then the people looking in that area will likely not mind as much.Now, if every property around you has multiple bathrooms on each floor, and yours is the outlier, then that could be an issue, and you will need to price rents accordingly, but overall, you can't please everyone, including your friends.

For the painting, you can deduct it along with other furnishings and decorations that you've included in the STR to make it ready and available for tenants.