Basically anything that can justify a rent increase.

Jersey City has more defined laws, basically you can STR if you owner occupy a unit. 

While I think your question is a good one...and interesting...the person/lender that decides to back a deal like that is basically going to be making up the rules for themselves.

Starting out with flipping can feel overwhelming, but a good first step is to educate yourself on the basics!

Basically it comes down to whether the work affects the structure, systems of the home or how the home looks. 

I prepared some popcorn, just in case.We start with basics and then proceed deeper into the woods.1.

Nevada also offers some of the lowest property taxes nationwide.Sources:Homeowners insurance: National/state averages for $300K dwelling coverage with typical deductible.nerdwallet+1Property tax: State/local government averages and example calculations.makefloridayourhome+3https://www.nerdwallet.com/article/insurance/average-homeowners-insurance-costhttps://www.makefloridayourhome.com/florida/blog/property-tax-in-floridahttps://www.nerdwallet.com/insurance/homeowners/nevada-home-insurancehttps://worldpopulationreview.com/states/nevada/property-taxhttps://smartasset.com/taxes/nevada-property-tax-calculatorhttps://www.hometaxsolutions.com/2025/06/how-property-taxes-are-determined/https://www.nerdwallet.com/insurance/homeowners/florida-home-insurancehttps://www.bankrate.com/insurance/homeowners-insurance/states/https://www.axios.com/2025/08/26/home-insurance-premiums-cost-maphttps://matic.com/cost-of-homeowners-insurance-guide/https://www.moneygeek.com/insurance/homeowners/average-home-insurance-cost-calculator-texas/https://www.greatflorida.com/blog/2025/how-much-is-home-insurance-in-florida/https://www.kiplinger.com/taxes/floridians-vote-to-increase-property-tax-breakhttps://www.moneygeek.com/insurance/homeowners/average-cost-home-insurance-nevada/https://states.aarp.org/texas/texas-homeowners-insurance-rates-risehttps://www.texastribune.org/2025/06/04/texas-legislature-property-tax-cuts-2025/https://www.marketwatch.com/insurance-services/homeowners-insurance/average-home-insurance-cost/https://www.rocketmortgage.com/learn/property-taxes-by-statehttps://www.insurance.com/home-and-renters-insurance/home-insurance-basics/average-homeowners-insurance-rates-by-statehttps://belonghome.com/blog/property-taxes-by-state-2025I hope this helps.

Or is this basically a sign the deal is overpriced for today’s rate environment — and the correct move is wait, change market, or require better rent-to-price?

. $2,000 is a reasonable closing cost for a cash purchase.Below are the basic monthly expenses.Monthly holding costs:Taxes: $11Insurance: $67Utilities: $200HOA: $25Total: $409 per monthTotal hold time (renovation + sale + buffer): 8 monthsHolding cost:8 × $409 ≈ $3,272Total costs, including hold time: $97,272Maximum purchase price:$200,000 − $97,272 = $102,728If you pay more than $102,728, you will likely lose a lot of money.Bismark, the “70% rule” is just a shortcut.

There are plenty of experienced investors here who are happy to talk things through.If you want, feel free to DM me with the basics of your situation.