David OrrTax Modern - Tax prep/advising for rental real estate owners

My mom made a killing in real estate but hasn't run a number a day in her life so I am trying to follow in her footsteps in a more calculated fashion.

This is exciting because I've been thinking about the same thing but more for eco-friendly, modern dwellings for lower income families.

Chris T.While we are not flippers, we do use a similar approach by purchasing tired properties and forcing appreciation: it is just rehab-n-hold as opposed to rehab-n-sell.When we are carrying out a deep retrofit on a newly acquired property, we will put a sign in the yard advertising another "modern, heathy and energy efficient home in the making"  with an indication of when it will be available for rent.We typically have the units rented before the renovation is complete.

I wouldn't disregard modern heat pumps without real data.One caveat: Installing gas into a home that doesn't have it will significantly drive up your initial cost.  

Changing around floor plans for more modern flow. 

If your pockets are TRULY EMPTY then you are not bringing one of the four items to the table that an investment needs: - Money - Time - Opportunity - SkillsIf you can provide either opportunity or skill in some fashion, you can likely partner with someone with the money.

One buyer wanted me to rebuild a chimney because it wasn't up to modern spec.  

Here's an example that is contempo, clean, simple, metal with wood (for continuity to the floor), and it mounts in the same way as your existing balustrade:https://www.hubush.com/modern-stair-railing-ideas/...The hanging fixture examples might be a bit ornate for your architecture.

Hi BP members,I enjoyed a long ,successful, high paying career in the  Fashion business, but  recently found myself on the wrong end of a corporate restructure.