Certainly replacing a furnace and/or a water heater would require a permit as well as running a new or replacing a duct run.

You will be able to meet and build relationships with experts in your particular market(s) as well as learn more about how to get started in general.

Many of you probably know the „german“ way of doing things...The stereotype would be the punctuality and precision of the people and the public authorities.The reality is the following: a lot of barriers and long approval processes as well as legal restrictions when it comes to owning and handling capital.

You have to have a system set up for vetting guests, creating leases and collecting deposits and rents.

.- It's been well kept- Between transaction costs (e.g. broker fees, transfer fees), capital expenses, tax recapture I would need to sell it for $1.9M to break even.-  At it's height (2022), it could have sold for but $2.7M. 

If it goes well and you can stomach it, then scale up.

I tend to recommend areas just outside the well known fully developed areas.  

I have known Jered Sturm at SNS Capial for many years and they have an outstanding reputation.

We specialize in window replacement, custom entry door systems, and garage doors, as well as several other servicing needs for interior and exterior work. 

Hopefully all goes well with my first deal!