I recommend looking at IRS guidelines to ensure you’re capturing the right information.I understand the concern about the complexities of REPS and the risk of audits, especially with the amount at stake.

I've never owned an ADU and I'm concerned about how it'll influence the primary which I also plan to list and rent. 

You should know who is living in your property to ensure they are not a danger to the rental, the neighbors, or yourself.There's also the risk that Tenant A moves in, then later adds Tenant B without adding them to the lease.

Additionally, it was unusually dry, with only .13 inches of rain recorded during monsoon season.Nevada Leads Nation in Online-Dating Dangers: Nevada ranks as the most dangerous state for online dating due to high instances of identity theft, romance scams, and fraud.

I am primarily concerned it is a matter of inhabitability if no usable shower is available for 3 days and that could hold up in court if they chose to go that far to get full days rent off.

>I'll read up on those legislation you posted but my biggest concern is if the current tenant can't be evicted and can legally live there for free since it's unpermitted.

Hi Guillermo,When getting a home inspection in Jersey City, there are several common issues to watch for:Water infiltration is a frequent concern, especially in older homes with damp basements prone to flooding.

Also, concerns surrounding potential valuation corrections in this market had me thinking it was probably best to pull my capital and redeploy into a more 'stable' market/LTR. 

.- Diverse Property Portfolio: The area seems to have a mix of both residential and commercial properties, which could allow for diversification in your investment strategy.Strategic Location: Shelby's proximity to global markets via nearby airports, rail, and port facilities could make it attractive for businesses, potentially driving demand for both commercial and residential real estate.Potential Challenges- Economic Concerns: The unemployment rate of 13.0% is relatively high, which could impact the overall economic stability of the area and potentially affect real estate values and rental demand.- Price Discrepancy: There's a notable difference between the median listing price ($295,000) and the average home value ($201,945).

For my first property, the appraisal came in $25,000 lower than expected, which initially concerned me.