@Renee LeFevreTo rent out your basement, follow these steps: check local regulations, prepare the basement with separate entrance, screen potential tenants, draft a lease agreement, set the right rent price, consider tax implications, update homeowner's insurance, and build a positive tenant relationship to attract quality renters.Good Luck!

@Dylan Jeluso Brother, I have both a GC and a Real Estate license, and if someone had advised me earlier, I would have focused on building deals and relationships first.

At least a bank that you have your relationship with and super strong deposits  and could probably hypothicate them and get a under 10% rate.. just musing..

Consult a CPA to align the choice with your retirement goals.This post does not create a CPA-Client relationship.

Don't forget the cost segregation on the SRT portion to save you taxes.This post does not create a CPA-Client relationship.

Focus on building strong business credit through timely payments, low debt levels, and solid financial records, which carry more weight than the name alone in establishing creditworthiness.This post does not create a CPA-Client relationship.

I'd like to add that for anyone else wanting an to convert their primary property one day build good relationships with your neighbors in the mean time.

This balanced approach meets your financial goals, diversifies risk, and aligns with your preference for conservative real estate investments.This post does not create a CPA-Client relationship.

This post does not create a CPA-Client relationship.

Sorry to hear about your relationship issue.