@Rachelle Antoine you'll want to be careful renting out your basement unless you have an egress that meets fire code.

You are unlikely to get caught and the city governements don't really care.

Chimene Van Gundy carefully crafted a public persona as a successful buyer and seller of mobile homes before a judge appointed a receiver to take control of her New Braunfels company and she filed for personal bankruptcy last month.But during a bankruptcy proceeding Thursday, she couldn’t recall any particular deal she did to get people to invest with her or that led to her becoming known as “the Mobile Home Millionaire.”

Can a Hard Money lender also take care of the upfront costs for a rental? 

I'll take having a health care directive over 10 LLC's any day.  

Whatever you all do, please be careful. 

Granted that's apples and oranges, because the new homes are larger and all in the suburbs, but as long as you can buy an existing home for half the price per square foot than a new construction home I would be careful with expecting peak appreciation.

In the next 1-5 years you could have some serious cashflow - why would you care about the associated taxes?

Lawn Care: Regular upkeep, normally the tenant's job on single family residences stated in the lease.7.

I don't care if they bring in a couple kids, just wasn't sure how to handle it.