Lender stipulates that I live in the place for 1 year minimum.I plan to live in the 3/1 for a while, take care of any maintenance items and make some cosmetic updates, and eventually rent it out.

I just got a message from my Lender , and found out that I qualify for a maximum loan amount of $60,000 I will be going the Conventional Loan amount of 5% down , with the standards for the house " mandatory " repairs ...

Tenant can call directly, schedule service, get updates and pay the $65 service call.

Who has used the updated House Flipping Calculator?

There is a huge difference between a duplex built in 1985 and one built in 1905, especially if the second hasn't been updated. 

At the same time these areas have ample land that could be used for building upon a rise in prices thereby capping appreciation.

As far as the rent, I am familiar with the rent in this market and I'm confident I would at minimum be able to get $550/unit, plus the additional income the detached garage will generate as a storage unit.Thank you for your feedback, and I will keep you updated on the outcome!

So I'm not sure what this ordinance would accomplish, other than slowing down the inevitable and causing more headaches for landlords.Has anyone heard any updates about this? 

Purchase price: $220,000 Cash invested: $225,000 Purchased duplex to update, finance and rent out.

Updating the amenities.