Most people are not good at visualizing the “after” effect of remodeling.

This inspection period begins on the “Effective Date” listed on the contract in the Fannie Mae REO purchase contract."

What's most interesting is wondering if there are $50,000 plots of land where you could build a 2/1 at under 1,000 Sq Ft for a better price than the cost of your rehab and generate an ARV of around $100,000 or even more.

With the debt going away in a few months, it’s not going to have long term effect on her ability to pay the loan.

If not and he moves out and you sell the property shortly after then it doesn't effect you much anyways.

You can have a cash-flowing property that has a loss for tax purposes, primarily due to the effects of depreciation (a non-cash expense).If you have a negative cash flowing property, then your only financial benefit as an investor is the gamble on property appreciation.

As far as screening tenants, keep in mind that a new law goes into effect this month that limits background checks in Cook County / Chicago.

If you have a one of a kind property and there are no other sales to compare it to then it becomes difficult for the appraiser to measure the effect on the value that the in-law suite has.

The judge does have the effect of which way to go. 

Just Housing Amendment went into effect on January 1, 2020 with a delayed enforcement until February 1, 2020.