Once you close on the land, congratulations—you're officially into real estate.

Find the elected official that represents your area and contact them.

It is important to check with your state’s regulatory authority to understand the specific requirements.2.

Purchase price: $240,000 Cash invested: $10,000 Working on getting this first "OFFICIAL" deal under my belt.

Having engineering plans and calculations can streamline the permitting process, as many local authorities require this documentation for ADU conversions.I can't give an invoice estimate as I am not well versed in how engineers price their work, but I would assume something around $5,000 for engineering services on a project of this size.

I'm particularly focused on local STVR (Short term vacation rental) properties that are officially licensed by the county of Hawaii to operate short term rentals.

I don't have an official NOI from them but basing it on the expenses they provided above, it should be between 45K-50K annually. 

Hi all,I have recently stabilized my very first duplex in Troy, New York (near Albany) and am very excited to be officially in the landlord game in this area! 

Perhaps you can call the local housing authority for some direction as they too would want you to do things appropriately.Can you ask the sellers to get them out before closing?

Is there any paperwork I need to complete with them to confirm that returning the keys means their lease is officially over?