It’s a big step for investment #1 so tread lightly.

Brand new to BP and loving it!

First step is to check with the city or county to determine if you can do what you want to do and what is required for all zoning approvals and the time frame, Ask if you have to install curb, gutter, sidewalks, street signs, street lighting or any other special requirements. 

Fire and wind insurance in FL at $70 seems extremely light. $120-150 seems more realistic.How do the numbers look after that?

This fund also goes to pay for general maintenance and upkeep items like air filters, light bulbs, and any other non-cap ex expenses.

Roof is 10 years old, one of the two furnaces is brand new (second is probably on borrowed time), one water heater from 2015 (second also on borrowed time).

Substantial services do not include the furnishing of heat and light, the cleaning of public areas, trash collection, and such.When extraordinary services are provided, the rental is treated as a trade or business and reported on Schedule C regardless of the average rental period.

Hello, community! Brandon told me to introduce myself here, so if anybody cares about my story, here it is, LOL. My name is Michael Milillo and I stumbled across this forum when I read "The Book On Rental Property I...

Until whoever supports appraisers gives them the green light to approach this differently, they're treating these homes as SFR's with small adjustments for the ADU's. 

light rehab