“Do not let wet clothing or towels sit for long periods — they can cause black stains on walls or ceilings.”Have tenants sign a Mold Addendum acknowledging that they understand their role in preventing moisture issues and will notify management promptly if they see any black stains or experience leaks.Landlord ResponsibilitiesAddress leaks, water intrusion, or condensation issues immediately — prevention is key.Hire licensed contractors for roof, HVAC, or plumbing repairs.Keep documentation and photos of all tenant complaints and maintenance actions.Maintain proper ventilation and dehumidifiers in basements or areas prone to moisture.If mold is confirmed, notify tenants in writing about the remediation process and timeline.Tenant ResponsibilitiesReport leaks or water damage as soon as possible.Use ventilation fans during and after showers or cooking.Maintain reasonable cleanliness and avoid over-humidifying the space.Follow the instructions in the Mold Addendum and cooperate with access for repairs.Final NoteMold prevention is a shared responsibility between the landlord and tenant.

"Co-host" to be is vague - some co-hosts check in guests, bring extra towels, coordinate the onsite part, and some just do off site stuff like guest communications, etc. 

FINAL NUMBERS:- Projected Costs: $380k ($357k in build cost & $23k in soft costs)- Actual Costs: $389k ($369k in build cost $20k in soft costs)Note: We had very minimal carrying costs because we utilized a CA HELOC with Premier Valley Bank that had a 2.99% introductory interest rate.- Projected Finished Value: $750k- Actual Finish Value: I think between $800-$850k, not sure yet.

I buy  inexpensive cups, silverware etc that is easily damaged or can grow legs.Sheets and towels are good but not terribly expensive to replace.Haven't had much issues with damage. 

Hi Zach, There are several lenders that only do soft pulls on both long term DSCR and Fix and Flip loans. 

Renovations, such as upgrading common areas, adding amenities, and improving unit interiors, can be costly, so it's crucial to determine the expenses before acquiring the property.Seeking the help of a construction professional is recommended to create a comprehensive budget that includes hard costs (materials, labor), soft costs (architectural and engineering fees), and contingencies for unexpected expenses.

In the meantime, you could start soft marketing like letting interested buyers or other agents know it’s coming soon so you’re not losing time over the slower winter months, but keep the full listing live only once everything is truly ready.

That way, they can give you soft quotes and help identify which programs, rates, and lenders fit best for your scenario.

Land $100k (owned free & clear) | Soft Cost $26k (Paid and Covered)  | Build $250k |ARV $460k | Exit: sell on completion

For 2025, I like a barbell: keep buying solid, cash‑flowing rentals you’d hold through rate swings, and allocate a slice to well‑underwritten, collateral‑backed notes.