@Sylvia B.What's common in your market?

You want to match or just slightly exceed that.For example, if formica counter tops and basic white appliances are common in the area, that's what you want to do.

In 2013, in which Colorado had a 100-year flood, the owner installed flood prevention measures for $5,500 in the common area and performed flood repair/water mitigation in the fourth unit for $6,500.

However, setting aside money for maintenance each month is more geared towards not only common repairs that could come up every month, but saving for bigger repairs down the road (roof, HVAC, etc).

Assignments of any lease can be done (and is in RE lending as security) but residential leases aren't commonly done or securitized as the terms are short, the cash flow is small and the ability and credit of the tenant is more questionable.

From my limited involvement with HOA/COA's it would seem the balcony (outside, and a common element) would be the Only thing you did that would need review.

Andy, I agree with you, my statement on "right to work" wasn't meant as to employee matters which has noting to do with this, but rather to limiting one's ability to work, act in common practices to earn a living, the tools of the trade aspect which does impact non-compete agreements.

If I understand you correctly, you are planning to combine personal funds and your Roth IRA funds as tenants-in-common on the purchase of investment property?

From other posts, articles and blogs I've read about turnkeys, the common thread is "do your due diligence" regarding the property, the turnkey company and property management company(s).

I know some areas it is hard to get the 2%, but not sure what % rate is common around east TN