- FYI: it's only illegal to try to rent it out, the property owner can usually legally live in a nonconforming basement unit.If you do all this you may still negatively cashflow each month, so make sure your income can cover and/or your cash reserves.If you do this successfully, you will learn more in 1-2 years than you would reading here on BP for 5+ years:)Good luck:)

You're doing something right.

Are you doing the work yourself or what is your plan on tackling the operations? 

B) pay all the remaining rent but I’ll credit it against the kid’s rent next year.

The short answer is No, you don't need it.

@Chris Kelly It is very hard to evict someone for a lease violation and never mind something that is legal to do in the first place.

do you acquire these properties off the MLS ?  

.: Yes, it is advisable.

Hello I'm Whitney Steadman a plumbing contractor who looking to do some investing and  fix&flips Have a strong construction side eager to learn more of the investing side and property acquisition

We all hear great advice on the podcasts but until you go through the process it is hard to know what to do.