If you're converting to a long term furnished rental, the expectations are different and so is the day-to-day usage of your place just as you've assumed by your question about wear and tear.

MULTIFAMILY EGI INCOMEMultifamily GPR: Rent Roll Rents w/ Laggards @ MarketLess - Concessions: 0.50%-1.00% (Depending on market)Less - Vacancy: 5.00%-7.00% (Depending on market)Less - Bad Debt / Delinquency: 0.50%-1.00% (Depending on market)Multifamily NRI= Multifamily GPR - Concessions - Vacancy - Bad DebtOther Income: Get a rent roll detail showing all the other lease charges by unit.

Im in the Metro Detroit market but while shopping Toledo I was amazed by the size and style of homes available for much less than a similar community in the Metro Detroit suburbs and it's just 45-60 minutes away.

That will add a ton of traffic, real estate and tourism which Helps Fort Meyers as well.I am up in Pinellas County by the Gulf beaches but one of my offices in down your way in Miami which has become way to overpriced.

The other side of the duplex he planned on renovating himself, with the goal of turning it into a STR.

You should absolutely read everything, though.If this is from some fly by night, off the radar place, then yeah, probably wouldnt hurt to get an outside opinion. 

Hello!
A couple years ago, the CN railroad purchased a large parcel of land (40+ Ac) that included a small farm with a couple barns and an old farm house in one corner of it.  I would like to parcel off the farm yard...

Hello @Mary june MartilloI've been contacted by dozens of investors looking to do conversions in NYC but very few actually pan out.

Quicker turn times and less paperwork. 

Newer investor here, I'm struggling on what to do with my property and figured I'd turn to BP for some opinions.