For example the building may not fall under the rules of the FHA if it is owner-occupied with 4 units or less, if it’s a single family home rented by the owner and you have less than 5 rentals, or if the property is operated by a religious organization or a private club.

@Wai Chan I made the mistake of renovating a unit for a difficult tenant last fall.

But with the sharp decline in mortgage rates since May, the moribund housing market is showing signs of life.Confidence rising; competition falling.

I’ve had so many clients frustrated I put together a few podcast episodes trying to educate people about common pit falls.

If it tends to be for a pretty set time frame it may be more of a tutoring/teaching type of situation.I tend to stay out of my tenants' business unless it involves safety of the neighbors or some kind of major crime, so yes, drug dealing would fall into that but most lower level dealers will have more than 1 customer and many high level ones who might only have one visitor are not as likely to have them daily.

The foundation was completely rotted out and the house was falling in on itself, but after repairs it has made a great home to two different families.

Keep being great 👍 Just wanted to give a vote of confidence to Drew, he has created one of the best property management operations that I have ever seen.Like a commercial jet, he has “fall backs” for any “system failure” with multiple folks covering each roll just in case something is missed by someone.Incredible 🙏

On average, 20% to 40% of those components fall into tax categories that can be written off much quicker than the building structure.A Cost Segregation study dissects the construction cost or purchase price of the property that would otherwise be depreciated over 27.5 years for residential property or 39 years for commercial property.

Your lease is likely have your name on it anyways.If they are going to sue you and you go to court, I can just imagine seeing the "victim tenant" telling the judge how you misrepresented yourself to them.You will be surprised when tenants find out you are the owner.

I think this will be a great solution - just in time for fall!