There will possibly be strong demand for these new-build retirement THs, and only a tiny supply (there will only be about 12 of them built), therefore possibly an investment opportunity if I can get in early.

“Dwelling unit” means a structure or the part of a structure that is used as a home, residence or sleeping place by one or more persons who maintain a household, together with the common areas, land and appurtenant buildings thereto, and all housing services, privileges, furnishings and facilities supplied in connection with the use or occupancy thereof, including garage and parking facilities."

Hope this helps you on your journey, feel free to reach out directly if you have more questions: > Pool/Spa services (if applicable)>HOA (if applicable)>Gas, Electricity, Water and Sewer>Any software solutions you use to manage>Cable/Internet>Snow Removal>Supplies (TP, coffee, etc.)

Straight from the Fannie Mae Selling Guide - Verifying Capital Gains IncomeDocument a two-year history of capital gains income by obtaining copies of the borrower’s signed federal income tax returns for the most recent two years, including IRS Form 1040, Schedule D.Develop an average income from the last two years (according to the Variable Income section of B3-3.1-01, General Income Information), and use the averaged amount as part of the borrower’s qualifying income as long as the borrower provides current evidence that he or she owns additional property or assets that can be sold if extra income is needed to make future mortgage loan payments.Note: Capital losses identified on IRS Form 1040, Schedule D, do not have to be considered when calculating income or liabilities, even if the losses are recurring.Due to the nature of this income, current receipt of the income is not required to comply with the Allowable Age of Credit Documents policy.

Supply and demand, location, schools, jobs , crime etc were superior factors in determaining possible profits not the initial psuedo cap rate. 

For example, avoiding kitchen service cuts down on a lot of variable operational costs.  

So my guess is, the lumber tariff will raise lumber prices, reducing new home construction activity, further tightening an already tight housing supply.

Replace older water supply lines with braided stainless steel ones.5.

You can not buy true cash flow .As for the question, fixed or variable.......historically variable has always out performed fixed rates.

Delaying the growing of my business.Second, Rehab is a BIG variable.