Only issue is, I don’t know if this situation is appealing to anyone but newly-weds or alike for the basement rental.

Hope this post brings on some interesting discussion, I got a wedding to go to but I'll check back tomorrow to respond to comments and give my analysis on the deal.EDIT: As I get more information I will add it.

I'm coming on a scouting trip next week and will be there Wed (6/20) through Sunday (6/24). 

If there ever any meetings on wed-sat I will make it unless out of town.

http://www.biggerpockets.com/forums/521/topics/114766-east-bay-meetup---wed-2-19-14-in-oakland

I knew that there was a chance that I could get stuck with this house long before we put a shovel in the ground, so instead of building the usual builder 2400 sq ft bi-level or small colonial, we went BIG, a 4800 sq ft Colonial in the Greek revival theme, it's on two acres.

Normally I don't socialize with my tenants but they were paid up for the next 6 months so I decided to take him up on it.We had such a good time we decided to make a weekly tradition of going out for wings and by the end of the lease we had become such good friends not only did we get wings weekly but they also invited me to go on vacation with them and they invited me to be a part of their wedding at an inclusive resort.They only rented from me for 14 months and they got a heck of a deal but they are now lifelong friends.

The value creation opportunity was to reposition the assets toward the Hispanic theme tenant base.

Fantastic book about the importance and how to focus on your most important tasks.Hmmm, seems to be a common theme on those - Focus

Hope to see you at the Meetup next Weds, June 11th.