And while rents have increased since the fires, they are still relatively low compared to purchase costs and debt servicing at today's rates.Now, currently legislation proposals on SALT limits may change the math if you fall into the itemized tax deduction category, but that shouldn't be a deciding factor. 

One thought: why couldn't the PM keep the funds in a high yield savings account and then buy the boats or nice items?

I stick to light to medium rehabs, so I stay away from anything that requires replacing plumbing or electrical components due to the associated costs and the need to closely monitor those items, as I have been burned in the past. 

The first lie, that rent control is a NEED item. 

It is an item that takes months, but still far better then a decade of foreclosure on record. 

What are the consequences of failing to disclose items such as unpermitted additions in a property disclosure agreement?

For context, I am also in the military and have used my VA loan 4 times now and turned 3 of those into rentals (granted all prior to 2023).

Send the son a copy of the court judgement, if available, and an itemized list of money owed.  

This deposit is typically used on the appraisal, 3rd party inspections, credit, and legal review items.

My comments: - other expenses seems a little low but may be ok because exiting at year 7 will be before large cap ex items start to heed to be replaced.- $100k rehab in 2 months is very challenging but I did do a $100k rehab in just over 2 months just over a year ago.