Technically that violates most residential financing terms and the lender could call the loan due, so it’s not without risk, but many people do it anyway since the financing is so much better and (supposedly) lenders haven’t tended to call loans due for that.The question about whether to form an LLC at all, and the mechanics of involving it in your real estate deals, are best directed to an attorney and accountant (I am neither) as there are both legal/liability and tax implications to consider.

It was on a crawl space and we moved all of the mechanicals from the kitchen dining room area to underneath the house by digging down about 4' and building a block foundation area just inside the stone foundation and pouring a new floor and adding a sump pump.

It was on a crawl space and we moved all of the mechanicals to underneath the house by digging down about 4' and adding a sump pump.

Light on exterior of the house needs to be fixed, that's minor.6) Recommends anti-siphon valves be added to the hoses, hose valve damaged7) Locking mechanism on exterior door is missing and needs to be fixed8) One window has frame missing the bottom section of the frame.

@Courtney Wenzel I am a mechanical engineer in Huntsville, AL. 

I'd dive deep into how to execute the mechanics of a seller carry note, find an attorney to draft the documents, a servicer to handle the regulatory requirements if she wants, ect. 

Not just the mechanics of the deal but the qualities that make our properties more stable than others.

If you've got a complete cosmetic upgrade, a good area and all new major mechanicals, it's a route a lot of investors choose! 

Therefore, starting out, I suggest to clients to use 8-10% vacancy (or more) based on how long it takes it to rent out and what type of lease is signed (1yr or 2 yr).As far as capex, if you aren't replacing any mechanicals then I would put aside 10% minimum. 

Im not even sure its fair to compare 2 similar sized houses where one is on a full basement and the other on a crawl at a 1:1 ratio as the full basement, even unfinished, allows mechanicals to be in the basement freeing up more usable space in the living area.