It's important to define "great appreciation" too.

Either as a defined percentage each or as an assumed 50/50 split.

The customer will usually side with the GC when problems arise anyway, IME.The average cost for an Arch was around $30k for a full remodel or new build.A good one will also be very available for the GC to get ahold of when things go sideways, like needing a new drawing to define a previously unknown issue.

We only apply for short term each year, so it would be fairly difficult for somebody to claim they were a tenant when we hadn't applied for an annual and had a signed contract that clearly defines the length of their stayYou can have a lawyer check out a potential contract to verify you are protected within your local landlord laws, the peace of mind is worth the fee.

For Professional Owners of STRs which we define as having a successful STR in the same market (12-month history) or 3+ successful STRs nationwide, we will underwrite to the projections generated from AirDNA. 

What I am concerned with are things like estimating rehab costs, cleanup costs, other hard to define costs.

I think you need to define who your customer is…what attractions are you close to…why would you visit there?

If you wait to "learn" about all of this until after you have purchased a condo, it is too late...your options will be defined by the above mentioned documents.

I would like our property lines to be clearly defined because neighbor parks on what we think is our property.

Purchase price: $51,000 Cash invested: $26,000 Sale price: $145,000 First REO that I purchased, used a HUD agent that was a real character.