The main items in our renovation are:New water main from curb and valveNew electric service and panelAdd bathroom + convert to full bathLVP in 70% of the houseInterior PaintingAdditional bedrooms in basementKitchenette in basementEgress(x2) in basementOur scope of work should create a great living space for us to grow into, but also provide a rental unit that competes (or even exceeds) the area offerings for medium term rentals.

Though you still owe depreciation recapture.)This is because our “investing forefathers” used to move in to properties that were rentals for 18 years, live in them for 2 years and take ALL the gain tax free.

The 5-Year Treasury rate is generally the right benchmark for non-owner occupied Non-QM (assuming thats the direction you are in) - and rates will generally move in concert.I'd be happy to look at your scenario and let you know opinion on if its in line with current rates - that being said, economic data has been brutal this week and yields have risen every day, so its unlikely that rates have gotten better since you locked in last week (if you got a true rate lock)

If it's taking longer than that, consider whether your price is too high or your marketing needs improvement.Take 10-20 minutes every day to study the market on Zillow, Zumper, Apartments.com, REALTOR.com, etc.

I went with Indianapolis area because I used to live there (moved back to CA, don't like winters) so I knew the market.

Hi,I have a house in Denver that I have owned and lived in for the last 27+ of 30 years.

I have some family in Fairfield I'm originally from Davis now living in Tahoe.

Your profile mentions doing a 'live-in-flip'.You would want to work with a CPA that is knowledgeable of real estate and also has a good understanding of section 121 which allows you to exclude some gain from the sale of a personal residence.

If that property you purchase has negative equity, are you ok with living there for a longer period of time?

I bought my house 5 years ago with the intent to live in it for a few years and then turn it into an STR.