Conventional 30 year fixed 8% How did you add value to the deal?

The returns I've seen as far as cash flow are decent, but what attracted me are the typical long term leases with rent escalations every year.

I've been a part time RE investor for about 10 years.

Anyone else hear of passed legislation mandating the property managers in addition to property owners are now responsible financially for any repairs not done on properties, taxes not paid and rental certs not submitted/paid for, lead based paint fees/apps and required work, HVAC certs every year and proof utilities (water/sewer) as paid, and general compliance matters?   

-It is on my to-do list to look into an LLC for next year but in the meantime I have an umbrella policy for additional liability coverage.

She is based in the Philippines and plans to stay in the property every 2-3 years for only a couple of weeks.

I’d like to put a primary mortgage on it during renovation (once livable) to get the 12 month rental clock rolling.I know that I must live in this house the “majority of the year”.

Property tax is usually around $6300 a year rounded. $525 a month. 

If you purchased this house turnkey this is why you have to wait 1-2 years to tap into the equity.

Using stessa, i can even click a button and export my end of year income/expenses for my CPA!