Hello all, I'm buying a rental property that I'm going to move into from my grandfather at a discount.

I will be adding value by remodeling the kitchen and bathrooms.

It's almost 3000 sq ft with 5 bedrooms, 5 bathrooms, two living rooms (first and third floors), and a wet bar on every floor.The nice thing about these larger vacation rentals is that they typically come furnished.

**Tip: Make 2 offers; one being a full cash offer for a substantial discount that if you got it people would be lining up to supply you the cash, and a second with owner financing.

California, Stockton single family needs a total rehab - Roof, paint, kitchen, bathroom, all rooms, flooring, yard, electric ... you name it.flexible start ~ Nov - Dec Looking for a good contractors with a reasonable cost. 

Are there are any known tax advantages to giving your space out for free or for a discount?

Hi BP Community,My wife and I are rehabbing our bathroom in our first rental.

We also bought the house with an unpermitted addition (large bedroom and bathroom).

You could offer to pay for a few months at a storage unit or give them a discount on rent to supplement them loosing the garage. 

Our gut rehab added 2 full bathrooms and a short term rental unit in the basement.