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Property Details: Property Type: 6-Unit Apartment Building Building Area: 4,500 square feet Lot Size: 3,050 square feet Depreciable Basis: $1,000,000 Placed in Service: July 2021 Results from Cost Segregation Study: The study identified various components within the property that qualified for accelerated depreciation, leading to substantial deductions in the first year.

If you're just renting out individual rooms in your primary residence, that wouldn’t typically fall under ADU laws. --- So, if you're renting out rooms and everyone shares common spaces like the kitchen and living room, you're in the clear of those ADU rules.

This method provides several advantages against a traditional manager as I can cater my service and fees to the individual needs of my owners. 

Contrast that to the bond market--the source of movement for all manner of interest rates--which frequently moves more than 8 times in any given second.In other words, the financial market is able to make its move well in advance of the Fed and that's a substantial part of the explanation for the drop in mortgage rates seen over the past year.

Wrote letter to random individual How did you finance this deal?

Reasons to sell the seller on the Owner financing might be, because you are going to do a substantial rehab to the property, or that the property doesn't have any buyers, and this is a way to sell the property.Seller Financing works a lot better when there is not a realtor to pay, where a realtor's commission could be 6%, which on a $300,000 Purchase would be $18,000.An additional option you might consider if you are looking at purchasing this property to do a flip, or fix and rent, is you could propose seeing if the seller would partner with you, and you would secure a Private Loan for 50% of the sales price, plus the rehab, and if there is enough upside equity, you would probably be able to do a cash out refinance and pay off the seller that way.

Even without a track record these individuals presumably know you as an upstanding and trustworthy guy and this means you only have to sell them on the merits of the real estate.

Can someone please advise me on the pro's and con's and keeping the lot as a single lot with all 14 duplexes on it or subdividing each lot to have 14 individual lots? 

I kept the monthly payments the same from my original 30 year fixed to the HELOC, but the pay down rate is substantially higher with my new loan.