However, they play a role and serve a function.

Does the copy and pasted excel, using IRR function represent a pretty accurate view of my return?

Property needs to meet general safety and functionality items such as running water, heat etc.

We love all the built in functionality! 

“We have specifically told lenders that seeing individual units advertised by their owners on home-sharing platforms does not, by itself, mean the project is a condotel,” a Fannie spokesman said.When a project as a whole functions more like a vacation rental resort, the building is ineligible for Fannie financing, and mortgages secured by units in that project are also ineligible, the company says.

That’s silly ,If the front door works and closes then absolutely not , tell her if she’d like to purchase the new steel door and have it professionally installed then you’ll be ok with it but if it functions you won’t be fixing it !

It won’t get much more in rent and their unsupervised kids will just trash it ,anything nice added they’d destroy in a year so just keep it safe and functional .I prefer to have less competition in my area so I keep that to myself . 10% rule is about the best you can get as far as a rental but sometimes livable homes can be tricky to pick up for 5 grand but they are out there and no only a fool calls a realtor buys off the mls and pays full retail .

Functioned as my own contractor to renovate the kitchen, bathroom and other features of the house.

The whole point of the LLC is that you function as a business entity and not a person.

Then you look at a place like Frisco where most of the schools are probably less than 10 years old...and they have classes like Chinese, rocketry, tv broadcasting, and all these cool and perhaps useful things we never dreamed about in school and it makes a lot of sense why people want to move there.