U bet, 8) I've spent the last 5 years cultivating a portfolio of private lenders for virtually any scenario(loan) You could possibly need, including but not limited to 80% ARV(after repaired value), NOT Purchase Price, Purchases at 80% of APPRAISED Value(not purchase price), 80% of Appraised Value Cash Out Re-Finances, & most closings occur w/i 48 hours.

If you are including appliances in your rental and one of them breaks you have to repair or replace it.

The problem is that there is no incentive to make repairs and improvements to many units since such cash outlays will never justify higher rents, but it would improve equities and future market values.I really like seeing existing buildings being renovated and updated for affordable housing, especially for mixed use.

They did, on the same policy, replace a 15 yo dishwasher because repair would have been more than the cost of the new one, and they did pay for the repair of a leaky water valve.

I decided to go with the condo route because some of the repairs are incorporated with the condo fees.

The only draw back was it had an old octopus furnance system in the basement which, at the time was functioning well and needed no immediate repair.

If you keep receipts for all business expenses then you can claim those again income (things like cell phone, office space in your house, repairs and more are all possibilities).If you're not a sole proprietor then you are probably better off just hiring a tax accountant to do it for you.

We do small repairs ourselves and have kept the place up very, very well.

Interest rate on the loan is 6%.I figured it up and including all of the maintenance that I've put into the building I'm going to be about even for this year on a cash basis (I had to repair some flooring, doors, etc.).

They usually can fund up to 100% of the purchase + fix if within 65-70% of the after repaired value.