TENANT HOLDOVER: If you or any occupants that were allowed access by you remain in possession of the Premises after the termination of this lease, you agree to pay a holdover fee at the daily rental rate (current monthly rent divided by 30) plus $10 for each day the rental unit is not legally surrendered.

What are some possible draw backs you guys might see with this model?

Instead of drawing up an addendum and having everyone sign it, I just asked the attorney and they said yeah that’s fine.

Add new laminate floor to one of the duplex and divided one separate garage so can be use like extra utility room for both rentals.

The way I would do it would be to total up all the capex expenditures the home will need during your hold period and divide that number by the number of months you plan to own, plus a few hundred for general maintenance and repairs each month.

The details:Total of 7 beds, 4 baths divided into 3 units in Steamboat Springs, COPurchased off MLS for $695,000, 25% down.Approximate remodel & Setup Cost: $200,000Total Cost of project upfront: $373,750  Traditional Mortgage acquired.

I would divide up the profits accordingly depending on the percentage of the investment.

Looking for recommendations for an architect who can provide drawings for small renovation projects, in the Baton Rouge area.

No Money Down draws in all of the people that will pay someone to show them how to do something with no money, no effort, no experience.

Currently I'm approved for a $40k draw on HELOC for our investment property (duplex).