I really enjoyed my home and the home is in good condition.

The same street was flooded in 6/2021, as later found out by us this past few days.With many components to replace/restore back to "agreement of sale" date condition, (electrical panel replaced/inspected; basement windows grouting/pointing washed off; HVAC system; all the wood/drywall, etc), it is likely he won't be able to get everything done by closing date 9/14. 

My advice is to start investing now and learn to invest in all market conditions.

:I really wish more people would incorporate universal access design into their renovations, this shouldn't still be an issue in 2021This sounds like an existing house with the conditions many old homes come with.

For purposes of this Paragraph an environmental defect is a234 toxic or hazardous substance at a level and condition found above those set as acceptable by235 the United States Environmental Protection Agency, the Illinois Environmental Protection236 Agency, the Illinois EmergencyManagement Agency or applicable local governmental237 agency.

She was ot expecting that condition at all!

Would the basis going forward to the replacement property of the primary  converted to rental be the basis as it was as a primary home or FMV at the point of being placed into device as a rental or the primary home basis + any long term improvements while a rental?

What if I find a potential rental property that is in fantastic condition and it doesn't lend itself to rehab and therefore hard money loan with refi?

PS, Phoenix is pretty big on pets, especially in the suburbs.More often than not, the price you're charging for rent isn't justified by the condition of the property or lack of certain amenities, (pets, appliances).

You would need to know the neighborhood and condition of the home.