The front part of the property is a house, while the daycare operates in the back.The woman currently leases the daycare space and wants to stay, but the seller is looking to offload the property because he doesn’t want to handle the updates or renovations it needs, which are significant.

When a loan is brokered out, it often leads to uncertainty because the originator may not have all the details upfront, especially if the lender's preferences change or they're not familiar with recent updates.

If you get a property that has all new mechanicals, fully updated units, get it all done in a timely fashion, and still leave 25% in the deal you are WAY ahead of the game, due to the fact that you have front loaded risk and updated your mechanicals. 

I will be updating them as I go along but it's just a rough idea of how the property cash flows

Know the house and the finishes, if its out date stage it to look modern or make some renderings of the updates.

I was wondering, does anyone know how often the courthouses update the probate lists?

@Jacky Peng I'm trying to convince my retired parents to do a garage ADU conversion out near SFO airport where they live so please keep us updated here on the forums, I look forward to hearing how this all goes for you and what other questions you have along the way!

@Joe S. update your lease!

@Diaz Principe Nicolas,I increase bookings on Airbnb by keeping updated photos and descriptions.

Next I reached out to an abstract company to update abstract but I don't know what they need to add on it from me end bc I am selling (not buying and getting a loan).I got a quit claim deed ready but I won't sign it until I get my money.Do I need to get an escrow company involved?