Something like damage to flooring might have been noted then.As for useful life (this is term used in California law), your PM is correct in taking the useful life of component into consideration.

I want to buy the property on terms and demo, build a new house.I want to structure an owner finance deal with him where I either pay him interest only on the lot or no payments for 18 months (or until the new house completes and sells whichever is earlier). 

The other house is a short term rental. 

What terms do you have on your current rental property? 

I'm curious what everyone is doing.  For those of you that are running a hybrid STR/MTR model, do you have TWO separate listings on Airbnb, one that is STR and another MTR or are you using tools to manage your calenda...

You picked the wrong kind of property to start in as a 3/3.1 townhouse is not ideal for room hacking and is more residential in nature which is why you should sell it and take the proceeds and deposit money and look for a two-family where you and your brother can live in one side and you can full rent the other side - maybe even as a mid-term rental to 2x the rent.

Team,Im having a tough time finding an insurance provider for my medium term rental in Pittsburgh and I'm looking for suggestions.I own the building (triplex) where 2/3 units are traditional long term rentals, and 1x unit is a medium term rental.

Hi,I'm doing my first mid-term rental lease.

Appears to be a well oiled machine in terms of the construction and sale process-cookie cutter 1200 sq ft properties.

Factor in costs such as:Property taxesInsuranceMaintenance and repairsProperty management feesVacancy periodsLong-Term Strategy:With plans to acquire multiple properties, develop a clear long-term strategy.