So spending the additional money to convert a property in my area is never worth it.I mention this, because if you goal is higher returns on your investment, I would make sure the financials actually align before you even begin to get to the technical components.

There are times when we wouldn’t be in the home for a month, so furnished finder makes sense but dates have never quite aligned. thats fair to say im trying to skirt hoa rules, its my first experience with an hoa so im just trying to navigate it. thank you for your response. 

Memphis has a pretty affordable housing market and tends to offer solid rental yields, which might align well with your goals.

So, your CPA is correct in saying that the insurance proceeds won't be taxable assuming they were used to repair or replace the damaged portion of the property.Cost Segregation Study (CSS): A CSS is a tax planning tool that allows you to accelerate depreciation deductions by identifying and reclassifying certain components of your property as shorter-lived assets.

Meaning, even if the property will be worth $1.5mm when done (80% of that being $1.2mm), if the actual cost to build is $1mm, you will still need $200k equity to to put into the construction.From there, Robert's construction quotes align with what I have seen, and this is heavily dependent on finishes.

Most importantly, make sure to choose a market that aligns with your investment goals!

This allows both parties to discuss expectations and ensure alignment.

It's time to align myself with a tax professional who not only understands my current situation but can also help me scale efficiently.

When vetting sponsoring brokers, think about both the support they offer and how they align with your investing goals.

Get that management company nailed down now, as they should have better marketing strategies so you can take those off your hands, and it allows you and the management company to align and manage expectations from day one.