I’m looking into buying a 2 flat for my 1st rental property.

Some lawyers offer a flat fee service to prepare the docs for you.

I grew up very poor in Holyoke, MA in the flats (very impoverished area) and the surrounding areas.

A different conversation altogether.

Jim Roth Selling broker Flat fee realtor

Hi All, I just closed on my first 4 flat.

I see, you simply divide the bill between the tenants or I can also try a simple flat fee that's included with the rent. 2) Yes that's pretty much what I have been told, that if I am going to live in it to not settle for a bad area with better cashflow.

Obvious tax benefits from a long-term capital gains standpoint, but also the downside of having to pay depreciation recapture tax (flat tax of 25%, if I recall).

The main things he did was replace the tile in the bathroom with LVT, replace the bathroom vanity, replace both bathroom's toilets, replace all the closet doors, repaint the entire interior, power wash and stain the deck and balcony, replaced the three rear windows and frames and repointed the brick, added a handrail for the basement stairs, fixed any chipped paint on the exterior, replaced three front window frames, and some other things but those are the main items.I used a roofing company to put another coating on the flat roof for 1.5k.

@Brad Hammond What if it's a 4 flat and 2 of the 4 units are vacant?