We renovated the upstairs with included: new kitchen countertops and backsplash, adding a half bath and laundry room to the main floor, refinishing the hardwood floors, painting everything, refreshing the main and master bathrooms (paint, new fixtures, regrouting tub/shower surrounds).

The Condensation drain line was plugged up and managed to leak through the ceiling onto the second floor on the home. 

Landlord Response:  No it's not foundational and neither are the floors your tenants walk on.County says you need to plant new grass in the water retention area on the property with new grass. 

Houses have flipped on my street for $MM - bought at 400k and sold at 1.7M or bought at 800k and sold for 3.2M, etc...We can either add a second floor and invest a lot (OPM) and sell or invest a little (our equity) not add a 2nd floor and rent it out to keep it for future sake.

When you say swap out carpet - do you mean ripping off the carpet and replacing with laminate flooring or something else?

This test ensured that 75% of the total monthly rent for the building would cover the mortgage, taxes, and insurance on the property.For example, consider a three-family property generating $2,000 per floor, totaling $6,000 in rent.

I stay away from historical buildings in general for all of the above reasons and more, unless it's a larger scale commercial building with concrete floors and great "bones" that can separate the uses/tenants better.

How does one go about obtaining a basic floor plan of their AirBNB to submit to the city/county?

Hey BP community,I recently purchased a SFR property in the Piedmont Triad area of North Carolina where I plan to replace the first-floor chimney with a bathroom (toilet, sink, vanity, stand-up shower).

Marble backsplashes, all new kitchens, bathrooms, HVAC, electrical, refinished hardwood flooring, etc, all with the idea that we would get better tenants, higher rents, lower vacancies, and less maintenance/repair requests.