One very important point, in a subto that you sell on a wrap, you no longer own the property.

It all comes down to comps in a given neighborhood.

However, this could also portend our own situation in a year's time if we take them. 

For example, this can be adding square footage, adding an extra unit, or adding a pool in a STR market/luxury market.  

Throughout my career as a real estate investor and CEO, I have learned valuable lessons on maximizing the potential of each unit in a property.

I brought in a partner who funded the downpayment. 

Good luck on the deal but make sure you know ALL of the costs before you lock it in as it can easily make a great deal look 180 degrees differently.

Right now, you can get a septic permit in a week. 

I live in a costly area, and this is the main stoppage point of getting me to just jump in.

Publication 15, Employer's Tax Guide, says only this much:...Payments for the services of a child under age 18 who works for their parent in a trade or business aren't subject to social security andMedicare taxes...No definition, and IRS publications are not really law anyway.