Mistakes that cost a lot of money can happen when you're feeling emotional.

If it has happened, the risk is so low it isn't really a factor.Cheers!

Hey all, we recently did a cost seg & bonus deprecation on our STR for about $180k worth of deprecation. 

This is where your costs will come into play.  

Purchase price: $285,000 Cash invested: $40,000 purchase Price $285kRenovation Cost $40k (on budget)Renovation Time: 41 daysARV: $425kIf you are looking for a long term or short term rental in old town alexandria or just a small / tiny home primary residece with NO HOA right on King Street, this is your home.Contact with questions, interest, referrals of anyone you think might love it. more photos will be uploaded soon.

The bathroom ceilings were so low that I may not even fit in the shower.

Do you find there are "hidden" costs associated with using Rent to Retirement. 

However, if the high cost of living makes this impractical, you should consider a turnkey rental property.

Quote from @Henry T.: In a heartbeat.

The contractor will help me get a better understanding of how much the rehab level will cost.