I am not a property investor, but have friends who are, and they have told me stories of ruptures within their families because of inter-family rentals gone wrong.Adding to the mix is the fact that my mother, the owner of the property, is elderly and in poor health.

As we plan for financial independence, and calculating our target financial goal, one big (unkown) piece of the puzzle is health insurance costs.

  #4 You can try to approach any nearby ALF or rehabilitation or mental health company and ask if they are willing to expand their portfolio and you can lease it to them for 2 or 5 years (usually 1.5 or 2 or 2.5 times standard rent).

I have done it once and I won... but I also put up 40k and release it too the seller and they would not come to closing  and did not have the money to pay me back.. so I had no choice in the matter.another 2 years and 15k in legal fees and the only reason the legal fee's were that low the seller would never show to court or answer anything .. if the seller bows their back it can get real expensive.

Podcasts I have on cycle:BiggerPockets (Real Estate)Best Real Estate Investment Advice Ever w/Joe Fairless (Real Estate)BiggerPockets Money (Personal Finance)ChooseFI (Personal Finance)Mad Fientist (Personal Finance)The Side Hustle Show (Entrepreneurship)Fat-Burning Man (Health) Impact Theory by Tom Bilyeu (Personal Development)

Housing can also inspect the unit for health hazards like cockroaches, marijuana, etc.Personally, I would tell Housing that you want these tenants out because they are destroying your home.

May you both always have health, wealth and mostly love!

Wishing you nothing but wealth and health in abundance.

With more units, bigger budgets, making it easier for the HOA to absorb (not always tho)2) having someone on the inside is key, they can share with you information as to the true health of the HOA and politics. 3) FINANCIALS - Need to see balance sheet and P&L.

There're enough reasons to hold an opposite opinion, too - the one your CPA holds.