This is my first purchase (don't want to do anything stupid) and the rents could swing 600/month depending on what I'm allowed to do in the basement - I'd be in the red from a cashflow perspective if I can't duplex them.Am I rolling the dice here / do you not typically find out for sure until you close and begin renovations?  

What you can borrow depends on the strength of the deal and your qualifications as a buyer.

You will have to depend on them for this knowledge. 

Lots of variables involved and depends on your personal situation of course.  

However, that depends on the time/energy/skills he puts into it.I

Yes, it may go by the income approach but depending on your area, the comp approach may also be factored in. 

(Couldn’t really afford the place, didn’t have good enough credit to be worried about an eviction, etc etc..)2) They should have posted a 5-7-10 (depending on local laws) to “pay or quit” as soon as the ent was late and started eviction.

Can depend on what kind of investment property this is.

Unfortunately, we live in California so we would have to pay significant capital gains if we sell.Hi Scott, depending on the property and if you’re willing to invest in quality interior design, you could make more money as an STR.

Depends, do you want to "Gamble" your rent payments?