Nice part having the Living Trust is you only need to Quickclaim from Personal to the Trust and all terms then apply to the newly added property too, no need for the Trust itself to be modified.

As a monthly rental they're fine, but when rented as an overnight on demand rental they could potentially expose not only the landlord to liability, but also the municipality if that municipality approved of the use.The UBC codes which are adopted, even if modified, into a municipality's building and use codes substantially differentiate between a residential use and an on demand hotel use.

As well as 2 storied SFRs that have been modified so the second floor can be rented out. 

I've been trying to analyze some deals, but getting caught up trying to determine an accurate ARV.I've been working on a spreadsheet I modified to do CMAs.

I had a lawyer renter once who requested an hour to modify the lease.

Here are the stats.3 bed that had the 2 smaller bedrooms modified to make one large room. so currently a 2 bed 1.5 bath.

No offense intended, but your question has been answered many times before, but I'll contribute again....Contracts are unique to your area and need to comply with local custom, so get ther reviewed by a quaified person, which is not a guru.Addendums may be written on the spot and added to a base contract, but you need some contract knowledge to write any part of a contract, especially when you modify the basic contract.

The whole story too is that you need to work at it, don't buy all the notes and sit back, you make more churning the pot, buy it, modify, refi, have the borrower sell, get borrowers to move up, expand as you make things happen you want to get paid earlier than the maturity.

Modifying the rules for the tenants.

Dan Shoemaker,TO answer your question about the income level: Under this provision, the 3.8 percent surtax applies to the lesser of NII or the amount by which a taxpayer's modified adjusted gross income (MAGI) exceeds $200,000 for single filers and $250,000 for joint filers.