Rewired, new plumbing, new boiler system, opened up walls, brand new kitchen.

@Ned CareySilly question, but if you get a conventional loan with 20% down, how do you know if it’s a “Fannie” loan versus a “Freddie” loan?

Even with all of the systems I have in place from when I lived in MA, the reality of being out of state makes everything more difficult (but not impossible). 

I will be traveling to view the property next month and I'm in need of local contacts for property management (cleaning & laundry) and maintenance for the MEP systems.

I always request to have a doctor's note and that typically stops those who are abusing the system.

For example a property in a rougher area of town that rents for $600/month versus a SF home in a quiet suburban neighborhood that rents for $1450/month. 

It takes less than 2 weeks to find a qualified tenant and process them through a rigorous tenant screening process.Even in situations where there will be some re-painting and some renovations, the tenants are just happy to find a secure, good apt in a safe and trendy neighborhood.When I build my Business Plans, Vacancy cost is projected to be ZERO in my investment localities.If a friend or relative invests in a different location, then I look at the asking rent versus the Fair Market Rent (FMR).If the asking Rent is approximately the same as the FMR, then, depending on the vacancy rate of the target area, I would estimate 1 month vacancy allowance.IF the asking Rent is significantly below the FMR in a highly dense locality, then there is no point on adding a vacancy of any significant value.I once had an apt with a FMR of $3k per month.

Hey BP community,I'm a first time homebuyer that wants to make my first home a rental down the road and I'm evaluating a property in Hurst that I have an opportunity to jump on pre-market.Here are the details on the house:1316 Redbud dr. 3bd/2bath1910sqft, 10+ year old AC/Heat system 4 yr old roofold water heaterThe house needs new floors in all bedrooms and the kitchen needs updating.Enclosed rear porch.The comps in the immediate area, based on my rookie evaluation came out around 220k and they want 230k for the house as-is with a lease back option for a couple months to accommodate my upcoming wedding.

Its awsome, and they will install your any camera system for $50.00. 

Plymouth in northwestern orange and northern lake counties are all poised to explode over the next 5-10 years with the Wekiva Parkway toll system nearing completion of it's northwestern quadrant, 25 years in the making.