That way you can renovate the property the way you want, update it if you need to with a roof or HVAC etc... and then get better rents for it when you move on to the next property as your empire grows.if you need a referral for a good 203K lender, let me know. 

It’s been a huge event and I’m considering a larger article on the topic.

Estimate renovation costs accurately.Manage teams of contractors & projects.Accurately estimate the re-sale price of the home in question.Keep costs down.Stay on budget.Keep project on schedule.Fund projects.Market completed projects to home buyers.

i would ask for a larger down payment if you sell for less than asking.... i think thats only reasonable

I’d love to legally rezone it to a two flat and renovate the addition but after talking with the secretary at zoning downtown I thought I better post the question here first.

Of the home I do not live in, I would like to create an LLC and get transfer the home from the mortgage under my personal name into the LLC with the intention of later selling the home with a 1031 exchange to purchase a larger investment property.

I'm kicking off a renovation on a single family home in an A- neighborhood in Akron, Ohio that I plan to BRRRRR.

That means it would take you over 16 years to recover it and break even...which is when you start to turn a profit.The worst thing you can do is to think you can turn a negative CF property into a positive one with a larger DP. 

We find you undervalued buildings in popular tourist locations, renovate them, manage them, and then pass the profits on to you, the investor.The same is true here.So what’s new and exciting about this project?

It's the kind of neighborhood we all dream about:  high 'walk score', safe feel, coffee shops, theaters, low crime, high rents, and LOTS of renovations happening on older homes all summer long.