Update on taxed owned w/o 1031 exchange ... 

Those cost more and rent for less but they’re completely updated and essentially all the big items are new. 

Next step is creating/updating my profile.Thanks,Andrey  

Hi All,Been a landlord for a few years in CT, but am curious as to what others are doing concerning 2 items:1) Insurance for non-owner-occupied Multi-Family properties.I recently switched a 2-family that I used to partly owner-occupy to a Landlord policy, since it is now fully rented.It's in a great area, in awesome condition, updated plumbing/electrical/safety, etc. 

As an update to this thread, I have just succeeded in evicting another tenent for non payment of rent.

Derek Luttrell has it been updated is there a lot of deferred maintenance?

Just following up if there was an update

But with a SFR, I like to use a bit higher than 5%.With you doing a big update, in the short term you maintenance and capex might be a lot lower.

Changed out the tub, shower head, piping, valve, lights, toilet, sink/cabinet -cosmetic update.

Being a realtor has limitations as all transaction are regarded as regular income (add both side is SS and regular tax rate  25 percent, instead of long term capital gains15 percent) so for me it’s the difference of 23 percent taxes versus 46 percent.