Of course, no one told me this when I bought it (through an real estate broker/investor), when I began renovating it (through a contractor/investor), nor when I applied for a rental license at the town's public records.The long and short of it is that my wife and I have poured $75K into renovating the property, including the installation of egress windows and smoke alarms in every sleeping area, all with the plan to rent out 6 of the 8 bedrooms to university students because the University of Maryland is right down the street.

stephen, it's a pretty large closet...lol...i have a queen size mattress in here along with my desk for work stuff...it's not bad, and it's the cheapest way i could find to live in the downtown area...just wish it had a window, sometimes i feel like i could sleep all day without a window in this cave haha

As I looked out my hotel window at the Vegas Strip last night, there appears to be a LOT of money available.

Costs eliminated:*RoofingCosts Reduced:*Flooring (greatly reduced)*Painting*Exterior maintenance, including windows*HVAC *Exterminator costs (greatly reduces ants and termites)*Overall costs that you would see with any new constructionI also believe I will be creating a competitive advantage from the home design with the stated benefits of:*Greatly reduced utility cost for tenants (50-80%)*Safe from tornados (a factor in my market)*Outside noise reduction*Safe from storms and fire*Increased security*Less bugs and dust*Unique design and conversation worthy*“Green” construction*Potentially increased yard spaceMy worries:*Maintenance savings will not be great enough to offset higher acquisition costs.

I found one property that was vacant and had boarded up windows, so I went home, researched, found the owner of the property and gave him a call.

The wife had left the window inactive halfway through the process and she could not log back in.Has anyone had this problem before?

New construction is REALLY easy to ballpark, but isn't not for sure until you get solid plans in front of you.Simple jobs for small houses (Paint, carpet, new fixtures) look a lot like me walking around counting doors, windows, toilets, flush lights, etc. on my fingers and toes.

How many windows?

How about doors, windows, hardware, misc parts like outlet plates, hinges, etc.... the list goes on.

Windows get broken into, toilets back up, tenants skip town, taxes get raised, water bills get sent to the wrong address, section 8 inspectors fail you for perfect properties,,, the list is a mile long.