I usually give them 30 days, but I will allow them to leave earlier with just one week's notice.

Now AB1033 allows you to condo convert your ADU’s.

Forewarning: This is going to be long and detailed.How this started:When we were young, we would buy a house that was livable, but in need of rehabbing, move into it (which allowed us to get a low interest residential mortgage), then rehab it, using contractors for what we couldn’t do ourselves.

Some banks even offer features that allow account holders to manage individual tenant information within one account, making the process more convenient.

Owner occupied loans have allowed us to purchase properties in markets with heavy appreciation, and potential for huge rent increases.

I'm also concerned about the liability that I might be exposed to here by allowing what appears to be a business to operate out of my rental.

We have found what works and repeat it as much as funds allow.

Instead of having to enter personal info and upload an image of your driver's license for each Reporting Company, the Individual FinCEN ID allows you to input your personal data once and then link the Individual ID to your various Reporting Companies. 

As you progress, maintaining a clear line of communication with your team, especially your property manager, will allow you to stay ahead of maintenance issues and tenant needs, keeping your operations smooth and your tenants happy.If you haven't done so already, consider outlining your goals and investment criteria with a property manager early on.

Given your husband’s high W-2 income, the tax savings from qualifying as active could be significant, allowing you to offset his income with potential rental losses.