@Lee SyndergaardFirst I would make a list of all my assets and the way they are titled (bank accounts, savings, brokerage, retirements account, properties) and their value.I would bring also copy of will, living trust, advanced directive, and other documents regarding estate planning.Then I would also have a simple financial statement of the different investment properties and bring a copy of the lease agreement and insurance policy.The different topics that you would probably want to discuss with your attorney would be:Your estate planning,Your asset protection,Your real estate operation in regard to tenant selection, lease agreement, tenant eviction, security deposit holding and return, advertising regulation, licensing requirement, insurance.

While it may go down in the short term, housing is generally in limited supply and most macro trends point towards a growing population of renters.

I think this timeline will depend a lot on people's level of worry around Covid, as well as what state and city specific regulations still in effect.

But what cannot be denied, is in general, the PM industry needs serious regulation from the overlord themselves, the REC.

Single-family home sales fell 20.2 percent year-over-year, with 6,671 units sold, marking the second straight month of declines fueled by the COVID-19 pandemic;The Days on Market (DOM) figure for single-family homes grew from 54 to 58 days;Total property sales dropped 20.7 percent, with 7,917 units sold;Total dollar volume dove 25.9 percent to $2.23 billion;The single-family home average price fell 7.4 percent to $298,199, the first decline since January 2018;The single-family home median price was statistically flat at $249,000;Single-family homes months of inventory was at a 3.5-months supply, down from 4.1 months last May and below the national inventory level of 4.1 months;Townhome/condominium sales dropped 36.0 percent, with the average price down 2.3 percent to $206,146 and the median price up 2.9 percent to $175,000;Single-family home rentals jumped 11.9 percent with the average rent down 2.8 percent to $1,822;Volume of townhome/condominium leases fell 4.6 percent with the average rent down 4.6 percent to $1,586.Source: HAR

My goal is to refi it within the first 12 months.4 bedrooms now (planning to split a larger one to two, so will be 5 bedrooms) 2.5 bathroomsNo garage or carportFoundation repair: $5200 quotedRemodeling: Two kitchens, 5 bedrooms, 1.5 bathrooms, changing some molded sheet rocks, floors, adding new mini-splits to the larger unit ($3K)Total estimated remodeling costs: $25-35KThe remodeling is for the basic but necessary things, and is not intended to make the property elegant, because I am thinking about remodeling and renting it out for about 5 years, then tearing it down and building a 2 detached units (can build out up to a total of 2800 SF with the current city regulations).

This will also spell out all the rules and regulations to continue to qualify/ avoid eviction.Instead of using fear of eviction as a means to keep tenants in line, create a cultural shift to address underlying problems instead.

THE NUMBERSPurchase Price- 135,999Down Payment- 11,208Lower Renovation Cost (Supplies,Appl,Labor) - 8,955Upper Rent - 1150Lower Rent - 1250Mortgage Payment (Prop Tax & Homeowners Insurance) - 890.30UPPER PICShttps://imgur.com/a/bpkXmWLLOWER AFTER EVICTIONhttps://imgur.com/a/yos4Si3LOWER AFTER RENOVATIONShttps://imgur.com/a/69OFrAaI've learned so much after this going into my next deal.

I had been getting info on homes that were 20-35k and renting around $700/mo hence the desire for portfolio loan to be able to buy a bunch of them (if supply allows).

Check to see what regulation there is around qualifying the buyer.