If the current tenant can support the place on her own and has been doing just fine then I would care less. 

Happy ThursdayAs a lender one of the biggest hiccups in the flow of funding a loan and financing the rehab is the Rehab Budget and Supporting Documents.Growing up, I remember my Dad writing all of his renovations on the back of an old receipt with a thick, rectangular pencil... although not the prettiest rehab plan, it worked for him!

You can't only evaluate the ROI across the board because if you don't choose a good property, understand the metrics, and have good cleaners and management support, you will lose quickly in Airbnb.

I suggest focusing on the area you want to grow in or that best supports your long term goal.

Happy ThursdayAs a lender one of the biggest hiccups in the flow of funding a loan and financing the rehab is the Rehab Budget and Supporting Documents.Growing up, I remember my Dad writing all of his renovations on the back of an old receipt with a thick, rectangular pencil... although not the prettiest rehab plan, it worked for him!

Due to general unresponsiveness of the HOA we did not seek any permissions.However, soon we received a letter from the HOA attorney with request to remove the privacy walls and the foundation support bars with fines for every day not complying.

Hard money, though expensive, can support the purchase and rehab. 

It's also so awesome to see the support for the newbies here.

BP members, thank you for all your wisdom and willingness to share!  Two weeks ago, we closed on a SFR (long-distance). Today, a great family moved in! Hybrid investment. Looking at the next ones via traditional &...

There are numerous limitations to number of units with in a zoning.