Hi Everyone, looking to connect with folks who run STRs in the Hamptons (Long Island New York).I have a couple and would love to chat!

We currently own 2 long-term rental properties and are looking to add more.

An approach you might want to take, is to break down each component of the rehab into its own price per sqft/linear foot/units for both materials and for labor.for example you might find that flooring costs and average of $3.50/sqft labor to install + $3.00/sqft for materials X square feet = cost to refloor+ always add an extra 10% for unforseensSo you would just need to do this for every part of the rehab based on what needs to be done and what level of finish you are going for.keep in mind that some things are measured by sqft, like floor, and others are measured by linear foot, like trim, and some are measured by total area, like drywall and paint, and yet others are measured per each like tubs and toilets.A good place to start with figuring costs is The Book On Estimating Rehab Costs by J.

We can lend under 100k as long as the property appraises 100k+.

Not for this project but for next one maybe.If you have a good deal, you will find it.

If you're on a budget, podio (or if you need a ton of customization for very specific situations) custom built podio setups is a good place to start. 

I am mostly interested in investing in long term, single family, rental properties.

Hi everyone, I've been in my home for 3 years now and I'm looking to purchase a new home and convert my current property to a long term rental.

It all sounds good it really comes down to the attorney you have to structure it in a way that allows for greatest flexibility in case you know what hits the fans.I had that happen a few years ago in an equity deal and we had the other partner buy us out of the deal because it was taking a lot longer than they anticipated.

in theory there could be criminal background, but I doubt someone would be practicing as a MD with a long rap sheet.Would it be sufficient to merely put a clause in the lease that the authorized occupants are Mr.