HelloI have a tenant who is asking for upgrading carpet and flooring, while its not in bad condition, it is getting old (~7 years) - I agreed to get it upgraded. 

Thanks a million, Kristin Hey Kristin, Finding a property that works as both a short-term rental (STR) and a long-term rental (LTR) is a smart approach, especially as market conditions can change.

(mostly cosmetics), what price range that it must fall into at that condition (for the purchase price) and/or what the maximum LTC to ARV must be (in other words the purchase & rehab numbers must not exceed 65-70% of the ARV, the lower the percentage of ARV the better).

It can be good to let them know that the terms and conditions of their lease are not being changed.

Property Condition Report: Document the property's condition with the tenant to manage future damage claims.4.

Extend closing and have the condition of the sale that the seller provides the unit vacant.

[Source: TradingEconomics.com]The number of new homes built for the last 10+ years has been chronically lower than the previous decades.​​

The property location, the condition, and the type of students that the property attracts would all go into that.

I charge a $500 deposit or a $25/m pet feeBut I have a condition...I tell the applicant that I usually do not take pets, but I do make exceptions.

NSPIRE will be used for all HUD funded housing programs.With NSPIRE, inspectors for HUD-assisted and HUD-insured housing will be able to conduct objective, defensible, and consistent assessments to evaluate housing conditions.