Investment Info:

Single-family residence buy & hold investment.

Purchase price: $95,000

Cash invested: $15,500

Property was purchased and negotiated from investor with current tenants in place. H...

Focus on maximizing tax-deductible operating expenses associated with your rentals, such as repairs, property management fees, and mortgage interest.

Plus I just spent 4K on the AC and did some other repairs (about 2 k total a couple of months ago)... her one year lease will end in the beginning of May, so couple of weeks ago she told me that I should lower the rent by $300 per month "to persuade her to stay" because she said the rents have softened.

Also 4th quarter of last year Packwood and county officially did discuss potentially regulating STR's by either limiting numbers or adding a tax to cover increases in local services that are needed.

Loan Servicing:  Will you service the loan yourself or use 3rd party servicing? 

It's important to familiarize yourself with landlord-tenant laws in your area, and stay on top of maintenance and repair issues to keep the building in good condition.It's also important to thoroughly evaluate the financials of the building before making a purchase.

It needed a kitchen and bath remodel, flooring and paint throughout, deck repair and staining, and some electrical and siding work.

However, it's crucial to differentiate between capital improvements, which can affect your tax situation and potential interest deductibility, and mere repairs or maintenance, which do not.Furthermore, the mortgage interest deduction is capped at interest on up to $750,000 of debt, a threshold that encompasses both your primary mortgage and any additional secured loans.

They can help you navigate the rental process, screen potential tenants, and handle any maintenance or repair issues that may arise.Overall, there are several avenues you can explore to find renters for your medium term rental property.

I have some knowledge on how to give a rough estimate of repairs but I was wondering if any fix and flippers could tell me how they estimate repairs for a single family home virtually?