The market in the area seems pretty competitive with some nice apartments costing around 2,000 for rent so I am considering renting it out for cheaper maybe 1.8/1.9 so it doesn’t sit too long on the market.

For all three clients the emphasis was on a second family vacation home with the ability to offset costs through STR.

Do you think the cost of the build will work out as you expect?

Have you considered the added cost for this restriction?

Requires the tenant to pay the landlord's attorney's fees or costs that are incurred in any legal action or dispute arising under the rental agreement.This is the illegal provision that I see the most often when reviewing rental agreements.

I have been thinking through housing, affordability, and the effect on what until the last few years have been dead markets.

If you are doing delayed financing the loan would be based on LTC (loan to cost) and you would be getting purchase rates.

Low cost of living, strong job markets, and strong monthly rental growth in both these states have a lot to do with it too.

Do you know how to evaluate repair costs so you know what offer?

If you manage it and screw something up, you'll cost him a lot of money and you'll lose the friendship.