If the garage is not built to support the weight of additional floors or is not adequately reinforced, it may not be suitable for conversion.3.

You are going to struggle with the rent-by-room strategy without an adequate number of bathrooms. 

It's best to discuss your specific situation with an insurance agent to ensure you have adequate protection.

Retirement is adequately funded (I contribute 17%, wife has pension).I had about $225k in brokerage, but sold it down to its current $60k to fund an addition on my house, which recently completed. 

OPTION 1: OPTION 2: When Seller Uses RE Agent & You're Using Property For a Rental When Buying Subject To & Selling to Tenant Buyer Pro: Doesn't require specialized knowledge Pro: Little competition "Adequate" cash flow - Nothing Exciting Can be little $ down You get appreciation if property goes up Can do Unlimited number Can Get Started Much Sooner Get down payment (Cash $$) back immediately Great Cash Flow No Bank Approval Needed No Maintenance or Repairs Con: Have To Have $45,000 Cash for Down Payment Con: Have To Have $15,000 Cash For Reserves (just in Case) Have To Have $15,000 Cash for Closing & Carrying Costs Due on Sale Clause Have to Get Bank Approval Must learn the technique Can only do 4 -10 properties depending on bank Competing with everyone else Requires 20% Down & other requirements If AC breaks - you fix it If roof needs replacing - you pay for it If toilet clogs - it's on you If house gets trashed - you un-trash it You take loss if property goes down in Value Tenant Can Trash The House When Seller Uses RE Agent & Using Property For a Rental When Buying Subject To & Selling to Tenant Buyer Asking Price MLS $225,000 $225,000 Balanced Owed $223,969 $223,969 RE Agent 6% $13,500 $0 No Agent Involved Seller Brings to Closing ($12,469) $0 So No fees Asking Above ARV $0 $0 Seller Walking Money $0 $0 Sometimes Walking Money If I Use ConventionalFinancing If I UseSubject To Asking Price MLS $225,000 $225,000 Amount Down - 20% $45,000 $100 (I Give $100 Down) New Loan Amount $180,000 $223,969 I Take Over Loan Title Report $600 $600 Closing Costs $1,250 $1,250 Monthly Payment $1,151 $1,225 I Take Over Existing Payment

3 different 28 leases may not be much protection if they don't leave between 28 day stays.Just have a LTR lease that is attorney approved to protect you.I would get payment upfront for stay also along with adequate damage deposit unless you think Airbnb will really protect you?

Household furniture must be positioned and/or elevated to allow adequate air flow underneath and between furnishings and adjacent walls.

I have been a long term landlord but have never dealt with insurance companies or contactors (lucky me).There was a natural disaster to my rental home in Texas and the insurance company came out with the adjuster and gave me the amount they think that will cover the damage.All 3 bidding contractors said the amount is too low and if they get the contract, they will put in supplemental claim later on.

Over the past five years, I’ve been obsessively learning about real estate and financial investing in order to become a homeowner myself, which naturally led me to get my license.I hope to serve international buyers, investors, and expatriates from Europe, North Africa, French-speaking Africa, and the Middle East who are interested in opportunities in Hawaiʻi.

Where applicable, shower curtains should be in place, and of adequate length.