They have 2 kids and 2 dogs, and renewed their lease in June of 2020.Background InformationThe dogs have destroyed the air conditioning unit and will need to be replaced soon, multiple other projects have to be completed in this property (Restrooms remodel and kitchen) and having people in this feels like more of a liability then a reward.

Work needed: NEW ROOF, NEW INTERIOR AND EXTERIOR DOORS, NEW LVT FLOORING THROUGHOUT, TRIMWORK, UPDATED ELECTRICAL PANEL, ELECTRIC BASEBOARD HEAT CONVERTED TO HEAT PUMP (CENTRAL AIR DUCTWORK ALREADY IN PLACE), POSSIBLY A SMALL WALL KNOCKED DOWN, REFRAMING OF CLOSETS, KITCHEN AND 2 FULL BATHS REDONE PRETTY MUCH TOP TO BOTTOM. 

As far as the loan goes, I'm not a lender so this is simply my opinion/educated guess, but the way I understand it is you'll be turning your property into an investment property so you'll have to show income/potentially find a lender who will count Air bnb income to offset the mortgage before applying for another mortgage UNLESS your DTI ratio is low enough that you could support another conventional loan without using income to offset it.

Hi BP Fam! I'm curious if there are any short term rental investors who live in my area (Los Angeles, 90066 area)? I'm located on the westside near Marina del Rey and Venice Beach. I'm currently renting out a backhous...

Cash out refi to partially fund 700sqft Air BnB construction in what is now that back workshop.

As the saying goes, what goes up, must come down. I’ve noticed houses are staying on the market longer and longer, and prices are being reduced in response. Does this mean the boom is over and we should be preparing f...

Do you install an air conditioner or a dishwasher?

She has to carry her cleaning supplies, vacuum cleaner, linens from 8 beds and trash up and down all three stories.All the new buyer has to do is put the utilities in their name, turn on the air conditioning, and people can move in the next day. 

Ask the seller about specific items (i.e. heating and air conditioning, hot water heater, plumbing, etc) in these properties and see when they were last serviced and/or replaced. 

The air handler will need to fit up into the attic so the scuttle hole will need to be of a reasonable size.