So, my plan is to get a loan or line of credit for the renovation for 18 months and then refinance the entire property when the balloon payment comes due. 

Make sure they have real estate experience as location is not an issue, most of us work remotely assisting RE investors with their tax planning.

If the operator planned 12% annual cash payout and hit 10%, though exceeding the 8% preferred hurdle, they are falling short.

In fact, I go with the highest deductible as possible and plan to only make a claim if something catastrophic happens.Duplexes (in my experience) rarely get broken into once occupied.

I am planning to perform a cost segregation study on the STR's I have purchased to take advantage of the bonus depreciation rules currently in effect to offset the tax consequences of leaving some $$ on the table coming out of my 1031 exchange.

Consider your long-term plans and local zoning regulations carefully to make an informed decision.Good luck!

If you are planning on investing in Maine, make sure you work with one of us realtors that understands investing and knows the local market so we can advise you properly.

The plan is to conduct mold inspection and remediation after the tenant moves out and then re-rent the property.

Are you planning to invest locally in California, or are you open to investing out-of-state?

I'll go as far as to tell my tenants, "hey your new rate is $1200 per month but honestly I plan on advertising it for $1500 if you plan on non-renewing."