Some rough numbers , Price $520K add 15K closing = $535k  New windows and siding $40K = $575k overgrown lot and landscaping $5k =$580K  Kitchen , bathrooms , paint , flooring $60k ( on the low end) New deck it was rotten  $20K They are now in at $660K  This doesnt include holding costs and what ever I missed .

They are responsible for the day-to-day operations of the property, including property management, asset management, and project management.

I am looking for the full analysis which would include revenue, costs, returns, etc. 

New Albany is home to several major data centers including ones operated by Amazon, Google and Facebook, whose parent company, Meta, announced plans in the spring to expand its New Albany campus.

If i sell this, i may be able to net between 189k - 230k depending on what i get, not including fees (agent)  and capital gainsGoalTo be financially independent in 5 years or less so i can travel the world more.

But you've already found one that will allow 2% down, so maybe they will also allow borrow to borrow for the rest.I'm not a lender, but chances are 2nd needs to be disclosed on their credit report and to the 1st. 

This floor includes a kitchen, dining room, and living room but needs an additional bathroom to become a standalone rental unit. 

Hi Michael,Great question, your tax advisor is correct with their final determination of reporting the activity on Schedule E.

Insurance has been going up everywhere including places where there isn't hail.Texas is a very challenging insurance market though not as bad as a Florida or California...yet.Is your Travelers policy with an independent agent?  

Determining whether the venture falls under a service or rental business hinges on the provision of substantial services; for instance, if a bed and breakfast service is offered, it must be reported on Schedule C, triggering a 15.3% self-employment tax.Moreover, personal use plays a crucial role in the classification of the property.