While this initial policy allowed me to secure conventional financing, I'm now in the process of planning and executing renovations to enhance the value and appeal of my home, with the goal of switching to a different insurance policy after completing the remodel and being refunded the unused portion of the escrow.

I've heard renting 3 bedrooms is a very crowded market so thats why im looking to do the smaller 1-2 bedroom options Im concerned about all the competitions and the somewhat transient nature of the city.

There may be several options for remediation depending on the state and applicable regulatory context.

otherwise i agree with the others - 50K just isn't enough...Hi Nicholas I’m starting to rethink my strategy and what would be the best option to get my foot in the door.

You have all brought up some great concerns regarding depreciation recapture and tax free gains vs tax deferrals, I think I need to zoom out and look at the bigger picture when comparing all options.

The seller said they were all under oral agreements and no security deposits.

@Caleb Kim  isn't 3 boilers a bit of a pricey option? 

I tried a variety of options but reluctantly ended up with Quickbooks.

Remind them that the security deposit cannot be used towards the last months rent. 

Hi Mariana, Cleveland and Columbus both have some great options.