I want to make sure I am not missing anything major and that I have all my bases covered.

Can the appraiser appointed by the FHA Lender assess the rental income based on the units post renovation.

With tax savings on your W2 it can be very advantageous for wealth building based on your situation.Happy to help.

@Griffin Sisk I learned the hard way investing with friends that to cover your bases be sure to make it official and have a formal partnership agreement with at least one or two well thought out exit strategies in the event something goes wrong or someone needs to exit the investment.

Move it onto the street, it will be towed and charged to the owner based on the vin number.Unfortunately you are paying the price for not issuing the eviction notice September 2nd.It is a major mistake for any landlord to operate their business on the principal that a tenant that pays on time is a "good tenant" that deserves special considerations.

That number is going to be based on the appraised value but will be limited to no more than what you paid for the property.

There’s no universal standard since it relies on two main variables–your investing objectives and current market conditions.Some key factors influencing a good cap rate include:/ Property location/ Building condition/ Asset type (class A, B, C)/ Overall real estate market dynamicsTaking these into account helps set realistic cap rate expectations, but historically, rates between 4-10% are often seen as solid.Of course, a “good” cap rate for you might fall outside that range based on your investing goals and the specific property/market, so don’t get hung up on chasing a specific cap rate number.What is a good cap rate for your market?

Would that normally demand a higher sale price/cap rate based on investor appeal?

Our strategy is to buy and sell once the builder completes selling all the houses in the community.The base price of the house they're selling is $420K, but the model house, with all upgrades, is priced at $450K.

Román Law Office: Located in San Antonio, this law firm serves people and businesses in various areas including Real Estate Law.Woolley Wilson, LLP: Based in Dallas, they offer services in Real Estate and Business Disputes among others.Dunnam & Dunnam, L.L.P.: This law firm has been serving Waco and Central Texas since 1925.For a DEEPER DIVE, go to the States Legislative Register and find out who proposed the law changes.