Investors should do themselves a favor by learning relevant tax accounting even if they hire CPAs to do the actual returns.

I guess to answer your question, the average rehabber may not, BUT a more experienced rehabber should contribute to creating more favorable conditions making the whole project worth it.Sounds like a great project!

Actually she's looking for a deal where both her and the lender wins(she receives the money for the condo purchase and the lender establishes a loan with her that's favorable to them).

Yes, contracts usually favor one party to an extent, it would be hard to completely be in the center.

I feel if you can get a Better rehab cost out of it you might be better suited for a favorable deal

If the place has a board of directors I would take that to them and mention that you would be happy to return the favor of access should they need to get on your property to maintain theirs.

But again, the due on sale clause is still in the lender's favor.

I would be willing to bet you a lunch that somewhere in Texas a judge has ruled in favor of a tenant when the LL turned off the utilities because they were supposed to be in the tenant's name.

I hope all works out in your favor.

My guess is that would include all fixtures and cabinetry and flooring as well as your appliances and other "stuff".I'd clarify that and would still say you want to look into a policy even if you really only have to worry about personal belongings as an owner occupied HO6 (especially if you aren't getting much "content" coverage) should not really run you much more than $250 a year.I'd think you would have to have some seriously cheap crap for possessions before the cost benefit of a total loss works out in your favor.