Constructed in 1917 and recently renovated in 2023, this 8,500 square foot building stands on a 0.18-acre site and features a variety of living spaces including four two-bedroom apartments, one three-bedroom apartment, a spacious one-bedroom unit, and two commercial retail units.

I've done some additional calcs and I'm going to need $110k net income (which includes all carrying costs) to break even. 

Try "sell my house fast or sell my house for cash" and include whatever city you're in.

Trusts are typically done as part of a full estate plan that includes other documents to cover you in different situations like Wills, Powers of Attorney, Advance Health Care Directives, etc. 

In the event Sellerfails to close the sale of the subject property pursuant to the terms & provisions of this Agreement, Buyer shall be entitled topursue legal recourse for specific non-performance and shall be entitled to compensation for any costs associated with suchactions, including but not limited to escrow fees, title fees, attorney fees, court fees, etc.

The first property rents for $2,125 per month and its expenses including maintenance and vacancy is $1,350 for a total monthly cash flow of $775.

Your rental income and expenses would end up on your personal return and could net to zero, but not be deductible (unless you have real estate professional status).Bill does have a good idea about living in a residence for two years, fixing it up, and selling it with the exclusion (up to 500k for a married couple), if that was something you wanted to do.  

And the tools of the trade are always provided by the contractor, not his client.If your contract does not include some timeline for completion and/or milestones, I'd add it into future ones.

I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23DSCR lenders generally let you vest either individually or as an LLC.

Almost everyone here on BP will tell you that they wish they had started earlier, myself included.4.