In the event the property is vacant, the lender will order what is called a 1007.

We made our purchase contingent on the claim going through and the work being finished, and by virtue of that we were able to offer her a higher price and have some of the reno already complete by the time we purchased and took over. 

What made you want to convert a single family into a mulifamily?

Don't underestimate any of these variables in order to grow on AIRBNB- Research the market- Present the property attractively- Establish Clear Policies and Effective Communication- Keep the property clean- Know the local laws and regulations related to short term rentals.Remember that success on Airbnb is often based on attention to detail and providing guests with a positive and memorable experience.Did you find this information helpful? 

They made it rent ready and I even had them install LVP on the 1st floor. 

That's the sacrifice I made to jump start the journey. 

Once you have made personal (in person) contacts and have surveyed the neighborhoods yourself, then you can do the agent/video.  

Based on what you have said here, it seems like your A/C damaged them, and asking for payment to be made whole seems righteous.If you pay, talk to an attorney to make sure its a one time shot, and that one payment settles the issue 100% forever, so they will not come back for more later.Good Luck!

Hey everyone, i made a deal on a great 2 family home in the bradford area of haverhill, one 2 bedroom unit and the other unit is also 2 bedrooms but has a second level which has 4 bedrooms of its own, currently i will be renting it as a 4 bedroom with extra space for family room, storage, den etc... my longterm goal would be to covert the second level into another apartment, i know this process is hard and maybe unlikely but it does have 2 exits, great height and is alot of space to create another 2 bedroom apartment that would be about 1000q i know the first is is talking to the building inspector, what do i need to bring with me?

We are seeing we have to in order to keep up with the new cap ex, and maintenance expense.