We each pay $300/month (allegedly) and there is zero upkeep to the property (no pool, landscaping, common area).

I’m averaging about $350/month with the bookkeeper and we’re working with 8 properties and 31 units and 8 sets of accounts as I have one per property.

Where is the property located.assuming the seller added the ADU and did not disclose the ADU in disclosure forms, you may have recourse (depending on the rules of your jurisdiction) but it may cost you some legal fees. 

If they buy something for your property and you pay them back, it’s just like you bought it yourself—so you can count it as an expense in your bookkeeping.If they don’t get reimbursed, then technically it’s a gift/donation, and you can’t deduct it as an expense.

My property tax is around $350 a year. 

Also as I understand it qualification for these loans are based on the property as opposed to the borrower.

@Tyran BlockMake me under 25 again and I'd look to acquire a 2-4 unit property with an FHA low-down payment mortgage.

I own a home and have one rental property in Southern California.

Whether it be cleaning their properties or doing manual labor.

Message me if you'd like us to analyze a property for free.