@Phat Dao, most improvements you hire a contractor for LOSE money and a garage is probably one of the worst tbh.

There are SOME houses being flipped, but the city is in no way looking to make any major improvements to the area.

Hey Gordon,To be considered a first-time homebuyer, you cannot have any ownership interest (sole or joint) in a residential property for 3 years prior to purchasing the subject property.

ReturnsCOCROI upto 55% after moving outCost to live there (after vacancy and maintenance) $341 a monthUse your FHA, you'll want some cash in your back pocket to buy stuff you'll need to improve and maintain the property.

As we get more reviews and eventually get bumped to super host status we expect those numbers to improve a little, too.

Would like to put into LLC for improved tax benefit and protection.

I am open to properties that need some TLC / minor improvements, but not interested in anything substantial/structural/foundation, etc.

So if you are unable to finish the build, or if it doesn't sell he gets to keep the land and whatever improvements you added to it.

Installing horizontal improvements creates value with finished lots.

For example, if lite rehab is needed estimate X per square foot (i.e. maybe paint, carpet, small touch ups and improvements).