My agent handeled the details.I wanted to chime in here and warn you about these 6 month policies.

Kudo's to you for listening to warnings about what could happen if it all went bad, and then taking the steps to be sure you and more importantly your grandma, are safe.

I recentl read a reply from him that while he was given one of his well thought out, and written replies, he warned potential abusers that their "posts would be deleted WITHOUT NOTICE!"

Utilities for all apartments would be separate.I asked the local codes enforcement what would change if I did make this into a three unit and he warned me that I would be required to have a sprinkler system in all units and an alarm system.

Patrick:This is my first post on this site, but let me warn you that as an HOA Manager and a Real Estate Investor, Condo's require more research than single family homes.I have seen investors lose a large amount of money in Condo's because they did not research the HOA's finances, condition of the HOA, and the HOA's Board of Directors!

I don't like having to warn the tenants about trash, about cleaning their litter box, etc. etc.

So i thank you for your warnings!

This would be a great idea if you could find a way to actually get it to work I think it's going to be difficult to do so because we aren't hearing more about this but that doesn't mean it's impossible.Also thank you for the warning about HELOCs - I would not be getting a variable rate but locking for 5 to 7 years.

But there are other departments that they can apply and get the security money as help.For rent payment there is a lag at the beginning and they usually warn you about that.

I am aware of a couple of different "exclusive" arrangements.One is where you use the agent exclusively of all other agents for everything you look at - this is the agreement I warn against.