Since hosting via Airbnb, I've been researching the other local listings for comparison and discovered that most local Hosts don't mind their guests using marijuana, however they will be typically limited to smoking in the outdoor areas of the property.

I learned troubleshooting to the component level when I was in the Navy working on multi-million dollar radar & computer systems.

The structural components of the building and those related to the general operation and maintenance of the building are part of the building and are depreciated over 27.5 years straight line for rental property.

However, I have discovered that rehabbing as a professional activity pretty stressful.

As to online filings, chances are you pay the fee on that filing that you completed by selecting boxes or options, selecting an administrator or manager or other representative can default to other aspects of the registration that may not be intended, such may not be discovered until after you file.

When one of these factors is missing or limited, other factors must be increased to make up for that limitation.So, to your question, you lack capital, that means you'll need to apply more in the area of labor, entrepreneurship and the land will be a fixed component.

Jared Stroebele Sounds like you are at least out there looking so hopefully you discover a property that meets your requirements soon.

There was some minor unexpected repairs needed and a leaking toilet that wasn't discovered for a while (no submetering) combined with 1/6th of the HOA dues missing for over a year it adds up.

Volunteer boards (or even professional managers) may have other priorities or simply not be able to have the reserves matching the end of the useful life of building components (without raising dues and getting voted out).See what all the dues cover, too, and if you have some utilities in there or need to add that (or will pass it on to the renter).But, on your numbers, you do look to have $500 in maintenance $200 for other (monthly?

For example, when our maintenance guys recently discovered dog urine on a tenant's carpet, we issued a $25 lease violation and required them to clean it up.That said I don't know the laws in Virginia and your lease may or may not allow for such measures.