Even if you don't want to rent to section 8 they will probably know what they have more demand for.

This might require removing floorboards, sealing concrete slabs or cutting sections of drywall, all with the intent of fixing the physical damage.

Be sure to read through the Learn section above it is loaded with great info.

I'm not a tax professional so take this for what it's worth.The capital gains exclusion (section 121) is for a primary residence, since this is a spec build you would not be eligible for it.

Get into the podcasts that apply to your needs, the learn section has a library of excellent information.

-- As I think I stated in the post, expenses include:( Ins + Property Tax +Maint & 95% occupancy rate)-- $2425 is gross monthly rent-- The $35K is my estimate to redo bathrooms, kitchen , paint & retape split corners & paint outside as it is still in it's original decor from 1968 when it was built.

Listen to the pod casts and research in the learn section there is a lot of good free information available.

Simply click the box in the upper right corner of the post!

Since he is selling my lots separately, technically if someone buys the condo section ((vacant, undeveloped), I would be bound to the condo and will have to pay HOA.

Simply click the box in the upper right corner of the post!