There is a common misconception about deleading cost and how it can be done.It varies from situation to situation, it could be as simply as covering hazardous element with some plywood or metal, or it could be some replacement doors/windows and making paint intact.

She is willing to sign on as the main tenant which means she is responsible for the apartment. my thoughts thinking out loud:the other prospective tenants have income issues so at least in this case I know the rent will be paid. the mother has pretty significant assets (low 6 figures + another 6 figures from sale of the house) if he destroys the property I could go after her for it right?

It will be used for the construction of an ADU conversion with possibly some cosmetic rehab costs in the main house.

Another good one is Monica Main's Apartment Building Cash Flow System.

This is what the inspector said:"One main beam has termite damage.

The main question is how do you handle the payment of the repair.  

I think my post is a bit all over the place just to cover the main events that tie together.  

Should they be made into a small common area that the main unit also has access to?

You agree to pay the monthly Rent indicated above via deposit to the following checking account at XYX Credit Union: account # 123456; routing # 123456  (nearest branch is 123 Main Street, CITY).

Example a few weeks ago: got a "customized' postcard saying something like "Dear Andrew, we noticed you recently bought a property on 3455 Main Street - we have access to many properties just like this one, all over town.