Remember, "You have the right to remain silent and anything you say can AND WILL be used against you." when talking with a government inspector.

Instead, we sought and received a variance from the building department that allowed us to remain within the International Residential Code as opposed to the International Building Code.

On my multi-unit, some are at market rate (new tenants moved in), some close to it and the remaining two are low from long term tenants.

Hi all - any remaining funds from Reno loans go towards principal curtailment.

At that time, the remaining depreciation will be freed up and can be applied against my passive income that I make from the sale (but still not against any active income I make as a real estate agent). 

You have to remain competitive when starting out because your goal is to grow your business.

I hired someone else to work on the project, and I am okay with paying him in full and just moving on to the next project.I have already paid him ~300k, and ~40k of the last payment is remaining.

Once you rebuilt the ADU, you would be paid the remaining $30,000

In fact, nothing was ever done.To make matters worse, I have another Fund That Flip deal that has gone south with little hope to recoup that investment as well.The loan was made in June 2018 and they stopped paying a year before Covid started and this is their latest comments:The developer remains non-responsive to Fund That Flip’s communication attempts to discuss foreclosure alternatives.Foreclosure counsel is waiting on the court to schedule a hearing date for the judge to rule on our motion for default judgment.Fund That Flip continues to work towards re-establishing contact with the developer and their known colleagues to discuss a successful exit.

What would happen if I bought a house and moved in, rented the rooms out, then quit my job a few weeks later and used my self employment income to cover remaining mortgage payments and my bills?