A simple way to check is using the 70% rule—investors typically want to buy at 70% of the after-repair value (ARV) minus repair costs.

In Charleston, I believe the rule is that you have to live on the property as your primary residence unless the property is in an STR overlay district.I personally know some investors who are starting to struggle a little with occupancy/bookings.

At that rent point, the 50% rule is aggressive meaning sustaining expenses will be more than 50% or the rent.  

Be mindful that the nicer areas in AA Co have particular neighbors so follow occupancy rules. 

Was it a NAR approved disclosure statement.I suspect the rules regarding the disclosure statement vary by jurisdiction. 

@Samantha Bartlett Yes, you can get a second FHA loan if you buy a home for your child as a non-occupying co-borrower, but your child must live there as their primary residence, and you must meet FHA guidelines for a second loan.An FHA 203(k) loan combines purchase and renovation costs into one mortgage, making it ideal for fixer-uppers.Pros: Low 3.5% down, renovation funds upfront, and lower rates than personal loans.Cons: Strict FHA renovation rules, longer approval process, and mandatory mortgage insurance.It’s great for homes needing major repairs, but if updates are minor, a traditional FHA or conventional loan may be simpler.This post does not create a CPA-Client relationship.

The new meter is likely more accurate, which could explain the sudden increase.If your GC ruled out leaks, check for silent water waste—running toilets, leaky faucets, or inefficient appliances can add up.Compare historical usage (gallons consumed) rather than just cost to see if the jump is truly abnormal.3.

Lots of these homes are over 100 years old and I'm concerned that the layout's do not coincide with its rehab style but I'm not Martha Stewart Otherwise I've been spoiled in Finding homes with consistent floor plans. as it stands She wantsSale price $1.6millionIncome as its stands $3,000 but fully rented out market rent per month comes out too $16,983 A month Gross $203,796 per year 50% rule Net $101,898 sell portfolio at a 6% at $1,698,300. 

I agree with @John Underwood @Tom E..Get with your CPA so you understand the rules of depreciation.

Be sure to keep a copy of the ad with your tax papers in the 1 in 1000 likelihood that anyone will ever ask you to prove it.What you don't want is that upon the sale years later you find the IRS adjusting the cost basis to take into account the year of purchase as a year of "allowable" depreciation even though you didn't start depreciating that year because the rule is that whether you take it or not it is treated as a reduction of the cost basis.