Hi,As a cabinet distributor, I have never found that replacing doors are cost effective.

Bought for $60k all in including the Reno Costs.

This may inherently allow an allowable offset of PAL, when ordinarily the cost seg depreciation would be subject to some possible suspensions.

That negotiation with cost participation, or their funding of the project should begin with them.    

Collin County seems to be over price, the same than Denton County, though you could find some deals there is always a challenge to find the right one.One thing to take in mind is the maintenance cost, Fort Worth has older houses that will cause issues on the maintenance, if you are looking low maintenance you will need to look a few and identify how you fell comfortable.

If you're expecting to lose $250 a month from the get go without calculating all the other costs associated with renting a unit, its going to be a big time loser.Remember, cash flow is always king!

I will hold the mortgage, but we will split all costs, form an LLC, and be joint owners of the LLC.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620, many blemishes, but should have no evictions in last 2 years.

I know how to make an airbnb profitable and what it needs plus the actual costs of running one!

I am in the middle of a transaction where I am selling my condo, however I just found out our complex's insurance had changed recently and does not cover 100% of replacement costs due to a recent claim (last year).