If Borrower wishes to exercise this option to extend, Borrower shall notify Lender of Borrower's intent to extend in writing prior to the Maturity Date.Security for Payment: This note is secured by n deed of trust of even date from Borrower to Doc Prep 911, Trustee, both of which cover the following real property: Lots xxxx, City of xxxx, according to the map or plat recorded in xxxx, Map Records, xxxx, Texas.

They are strictly taxation.If you are setting up a trust, you should get a CPA.Find a bookkeeper for your daily driver, if you find one that focuses on real estate, then during year-end your CPA won't charge you an arm and a leg.

As a company we are considering a third party that offers virtual/face time walk thru's where human engagement occurs from the first phone call, until 11pm, weekends, holidays included- where the prospective tenant is loosely (virtually) tethered all the way through showings, feedback, follow ups and ultimately application process.

I haven't ran into an issue like this before especially if you followed all of the guidelines for it to be a legal bedroom such as bedroom size, entrance size, egress, closet, etc.

I DM’ed you a follow-up. 

As others have mentioned, there are a lot of rules you will need to follow so please make sure you’re educated. 

@Eli Kantor The complex I still follow having invested and owner occupied is over 30 years old and has 340 units.

I'd be happy to help and follow along this project with you. 

Then you will have some kind of direction to follow and can narrow it down from there.Hope this helps a bit. 

@Danny Van Warren is one of the most strict municipalities to work with in Metro Detroit.