I have given many references and even book options for case law and code statute and even said go ahead and email me and I will send you additional 40 +page summary just on the LLC with caselaw and codes etc from some of the best AP Attorneys in the nation.

Does the PITI include the additional 60k in reno?

Should I add this to the overall rent when I market the unit, or should this be a monthly fee that is billed in addition?

The unit will be fully furnished and have all amenities in addition to an in unit washer/dryer.

Hello all,  I am in the process of refinancing my primary residence to use the equity for an investment property and I was wondering what is the typical equity required, on your primary residence, to be able and secure an additional loan for said investment property.

Additionally, there is so much waste through a real estate transaction, it will take a long time to fully optimize the process (brokers, lawyers, title companies, appraisers, inspectors, they all have areas which can be optimized) I’m a licensed broker in NJ FYI

However,  I think it might be possible for you to buy another property, use additional leverage when purchasing it, and get some of your equity out that could then be used for the improvements that you want to make on the fixer-upper.

@Lamont Marable Be careful encouraging others to use "Morris Invest" if you do a search here on BP you'll see hundreds of posts of investors who have been scammed and lost thousands of dollars using them.I would avoid them at all cost and always do additional research when getting recommendations or seeing a t.v host face on YouTube selling 40k homes.

In addition to the association allowance if you plan on doing Air BnB or short term vacation rentals don't forget that there is an additional Transient Accommodation Tax, bringing your total tax requirement to ~14%

@mau pan not sure how the laws work in pa but in Georgia you legally own the property the day of the foreclosure auction even though it can take several weeks or even months for the attorney to prepare and record the deed.So I always immediately get insurance, put utilities in my name and if it's vacant, get physical control and change the locks.Regarding the possibility of leaks, I always ask the water company to put service in my name, unlock the meter but leave it turned off at the meter.You can the turn it on yourself with a curb-key or a decent pair of pliers.