Costs low is fine, but ya gotta be up to current code if you renovate.

@Eric Weldon-SchillingIn this particular situation I am getting a roommate tenant as opposed to just a tenant renting an apartment.But I am looking at ideas how to word it for passwords/codes, access after move out, and guests that this person brings and protection around the usage.Ie.

They are usually closer to $3,000 - $4,000.If you intend to rent the basement, I think you should check code and ensure you've done it properly.

For example, certain liens will not go away such as property tax liens, code enforcement liens, certain city liens, etc.  

“(b) A person selling or offering to sell an option or assigning or offering to assign an interest in a contract to purchase real property without disclosing the nature of that interest to a potential buyer IS ENGAGING IN REAL ESTATE BROKERAGE.”1New Section 5.086 to Texas Property Code“EQUITABLE INTEREST DISCLOSURE”“Before entering into a contract, a person selling an option or assigning an interest in a contract to purchase real property must disclose to any potential buyer that the person is selling only an option or assigning an interest in a contract and that the person does not have legal title to the real property.”Thank you all for any insight and answers!

Here's the comparison:NREIG premium: 73/mo     878/yrRealProtect premium: 58      693/yrAlso considering adding additional coverage that will cover any updates that are required to bring the building up to code in the event of a claim (Ordinance or Law Coverage).

I don't have any experience with swimming pools and would like some opinions on what kind of repairs (low to high end) would be involved in making it up to code and of course, usable.With that being said, the pool looks like it's in pretty bad shape (I've only seen pictures).

Had to bring the house to 2022 building code for everything we were changing.  

For $30 per lockbox per month, the lockbox can be accessed by anyone you give a code to.  

These are professionals with additional training and a stricter code of ethics.