If you don't have good egress and have to get it water proof (my basement takes on water every year, we just have our storage boxes on short stilts, as it was way too expensive to fix the problem), it's probably not worth the effort to finish the basement.For rental comps, you could start monitoring Craigslist in the areas you like weekly and putting the data in Excel so that you have higher quality comp data than what is on Craigslist right now.

. - Presumptions.It says in part: "...All contracts, options, or other devices not based upon a substantial consideration, or that are otherwise employed to permit an unlicensed person to sell, lease, or let real estate, the beneficial title to which has not, in good faith, passed to such party for a substantial consideration, are hereby declared void and ineffective in all cases, suits, or proceedings had or taken under this chapter; however, this section shall not apply to irrevocable gifts, to unconditional contracts to purchase, or to options based upon a substantial consideration actually paid and not subject to any agreements to return or right of return reserved."

If you have the proper shut off valves and they are properly installed, there will be a bleed device for that purpose.You then have to put RV anti-freeze into the traps.Your safest bet is to have a plumber in to check things out.

I've seen that layout in vacation/ lodge homes, spare sleeping areas . 4 storage drawers under the bottom bunks for gear/personal stuff?

Keep everything accessible online (cloud storage, google docs, email account, tablet always on you, whatever..), write down things as soon as your think of it (I use OneNote on my microsoft phone, or there are plent of free apps..), and set calendar reminders as soon as the thought is in your mind.These processes have saved me in both my 9-5 and my real estate investments!

I'll probably also turn another part of the basement into storage for the other units.

Main level - enclosed porch, living room, dining room, bathroom, and kitchen2nd level - 3 bedrooms, bathroom,Attic - sitting area, un-permitted kitchen, 2 bedrooms, office, and un-permitted bathroom. and lots of storage (I will take out the kitchen and bathroom and cap everything so it is compliant)basement - new gas boiler, and water heater, unfinished but +9' ceiling height.

Sometimes they are talking about rehabs, sometimes about apartments and sometimes about storage lockers.

Listen to Scott: let them look and they'll find they've already got an established area and taking the rental increase is worth not moving, renting storage, and spending resources searching for another location.

This month we have a self-storage expert as our guest speaker....and tonight we are hosting Bigger Pocket's own Brandon Turner out our Kitsap Satellite meeting....if you can make it let me know and I will get you a guest pass.