I used those puddle pumps they did not work.. but when my sump got power again boom water gone in 30 minutes but damage was done.. had to put in new drywall ( fully finished basement) new floor ( carpet was there) ruined my tread mill as it was plugged in and the deck got wet. etc etc.

We renovated the tenant side of the duplex where we had to bring the bathroom down to the studs including the flooring.

My guess is that the ARV might have been overestimated and finishes are not top end.

@Jen Lochpay $2k-2.5k and get a cost segregation study done after renovations are finished. 

There’s no mortgage on the property, but I owe $23,000 in property taxes.Property is worth 1.6 million according to Zillow.I need $30,000–$35,000 to finish an upstairs 1-bedroom unit with a terrace, washer, and dryer.

The last year the cashflow from our investments (not including capital gains) was 2x our combined salaries from 2018.

The area has a lot of giant sequoias including one of the biggest in the world, a nice river, a cute little town, and I know a very competent (understatement) co-host that serves that area.- it is near turn key.  

I’m very strict with my vetting process because I invest in high-quality finishes and solid locations—I expect my tenants to reflect that standard.As for tiered security deposits:Not only can that raise legal issues, especially depending on local laws, but it's not a reliable hedge against default.

Hey David, we don't have a furnishing business per se, but sometimes we help our clients furnish or finish setting up their MTR.

This allowed him to focus entirely on due diligence, deal coordination, and ensuring a smooth, rapid transaction from start to finish.