Account ClosedAdding your property manager as "additional insured" is standard practice and beneficial for you.

You''ll need more down and additional reserves.

My goal is to leverage that equity for additional income.

Additionally, I would like to attempt to do the process Owner/Builder with subcontracting work out as well as doing some of the work I'm comfortable with (I have some experience with bathroom & kitchen remodeling an am not new to the construction industry).

We also have many unique buyer incentives where an investor can get up to a 10% price reduction to come into immediate equity, or get that 10% as a cash back at closing to reduce your down payment and increase your ROI, or buy rates down into the low 4s on 30yr loans to maximize cash flow.

Talk to your CPA to see if you would benefit.It is an easy to determine if you should get it done.Tax reduction from Cost Segregation Study > Cost of Cost Segregation study = get it doneTax reduction from cost segregation study < Cost of Cost Segregation Study = don't do it

In addition, if this was originally an owner occupied house, there are often homestead exemptions where the first  $XX,XXX. of the value of the home aren't taxed.  

Additionally, confirm the transfer won’t lead to property reassessment, which could increase taxes.

It was held by the previous owner for a very long time, so I wouldn't be surprised if some basic facts about the house are incorrect.I was making an offer on a house a couple years ago and discovered that the owner was paying taxes on an additional house that was on the neighbors lot and didn't know it!

A property that has been on the market for months, with no price reduction, isn't a property I want to compare to.