Hey @Dennis Gallof - I'm a broker, investor, and property manager in NYC to landlords like yourself.You're right, its very common for basements/cellars to be rented out (legally or not).

., you might be cutting it way too close to really do anything. 15k is the bare minimum I suggest for reserves or oh no money on any project so that doesn't leave you a ton left to work with.As @Glenn Banks said, 203k is probably your best option because it's an FHA loan and you can do low money down and the reno is baked in, but the reno is complicated.

If you're considering Tampa, it's a fantastic market with plenty of opportunities and a good balance of tourist traffic and manageable regulations.

Hello,I have an LLC, created specifically to manage rental property and I am currently creating account in mySmartMove.

It also allows me to take over property management, landlords duties, and reap the cash flow now. 

What metrics are you using to manage your sales funnel?

I'm a property manager in Palm Beach County and I've grown increasingly frustrated with the costs associated with appliance repairs in recent months.

I would invest in ETF's all day over investing out of state without a property manager and on properties that need rehab.

Since I live out of state and there are no nearby managing companies, I decided to sell the home.

I live in Atlanta and I co-host/manage Airbnbs for homeowners and investors in Atlanta and surrounding areas in Georgia and South Carolina.