You will find that it will cost around $1800 to do the required asbestos test, secure permits and do the tear down. standard 2 car garages with pad run around $14,000, plus or minus.

View report*This link comes directly from our calculators, based on information input by the member who posted.I can't get my BRRRR analysis to work although when I run the standard rental property calculator I get decent cash flow.

You may need to take some singles and doubles along the way.With this strategy we are trying to grow our portfolio at a quicker rate than the standard Buy and Hold method.

What is the industry standard.

It might be $100 extra to file the deed change? 

I own a SFR in Kensington (Philadelphia) with a partner that we acquired subject to the existing mortgage.Existing MTG is 13kSection 8 rent: $900/moARV is 42.5k, (w/ 15k in construction)Owned by me and my partner's LLCI'd like to fix it up to Section 8 standards, get a tenant, and hold it.

Thanks to your advice, I feel comfortable that my filing deadline is May 15 and have some more time now to figure out the rest!

The standard list would be Absentee owner, high equity, owned for at least a few years, possibly tax appraised value below median price point for your area.

Would you just go with standard stick built home or should I consider modular built homes?

12% seems to be the standard interest rate.I was refereed by my agent and got quotes for 8% - 100K - interest only however...You might want to check with SOFI.