You want to, at worst, buy something that's on a 3-5 year horizon of being ITM assuming a smaller-ish growth scale yet a robust growth area, and that's a sliding scale with the quality of the house & location.

added value by building out a full functional NY style deli/bodega on one side and updating already established laundromat on other side Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Your guests will be expecting a functional unit complete with proper clubs and balls for use. 

@J Newman the BIGGEST challenge we see landlords have with PM software is not having a clear list of function they want and not INVESTING time to really learn how to properly learn the software.Many are looking for an out-of-the-box solution they can just press buttons to use.We've spent 14 years constantly pushing the envelope of what our software does.

I’m a licensed architect and contractor with a passion for creating spaces that blend functionality with aesthetics.

As you mentioned an LLC as well, generally you would either have a TIC Agreement or an LLC as the LLC operating agreement will essentially serve the same function as the TIC Agreement, and ownership would either be held in the LLC or as TICs at any given time.

You might just find your first deal, partner or actionable step here on the forums.To help new BP members find what and who they're looking for, I recommend 4 things:1. use the 'search' function to find topics, members and areas of interest .

Obviously during the renovation process we tend to focus on functionality and cosmetic features.

I’ll be sure to notify all tenants in writing of the cameras function and remind them that, per the lease agreement, we are not responsible for any of their property and they are recommended to get renters insurance. 

As other have stated, remove the owner form occupying the basement and remove the stove so its not viewed by a  lender as a fully functional apartment.