My name is Alicia few things about me:1- Wife and Mother of 2 small children2- Decent about of Debit - $15k credit card debt about 240k in mortgage debt between my house (3BR 2Bath) and our (1BR 1Bath Condo).

Is the bottom floor like a mother in law suite?

In full disclosure, she's my mother.

On the other hand, these tenants have been fantastic (my best so far) and renovating with them present would help generate more goodwill and perhaps lead to extended tenancy and other network benefits (They are both nurses and may have co-workers who are looking for apartments). 

I got out a year ago, but I'm already refinancing my own house into my name, I inherited my mother's house.

Most importantly, baseball gave a kid who was raised by a working class single-mother the opportunity to graduate from a private university (Loyola Marymount) without a dime of student debt!

We purchased our primary residence about a year ago and have been building out a basement apartment we will be renting out to my mother in law.

Those that own and run their own restaurants and nurses.

Could be your sister, your mother, anyone else for that matter.The terms for it are whatever you can think of.

I have a friend who has inherited a house from her deceased mother that needs a lot of work.