If so, and they pull a permit for the work then the septic system will more than likely need to be upgraded(or not) depending on the requirements for your city/state.

The property needed a lot of love and upgrades, and slowly over the last 2 years I’ve done multiple remodeled and a ton of work, BUT My net monthly income is now 1100 and I’ve increased the value of the property by 200k.

Purchase price was about $2.2m, about $300k put into the property, with about $300k left after the other half of units are upgraded over time. 

Also, I'm at a disadvantage not knowing the area, the costs associated with utilities and maintenance, upgrades, etc, and the good and bad areas of town.

Also explain that any upgrades they pay for become a part of the property and you own them (this should be in your lease).

Was able to reduce electric about 60% through energy efficient upgrades, and then put rooftop solar on the place (going in now, permits for commercial are a pain in the @$$....Will nuke out the power bill, just have a few bucks for connection fees.  

@Jennifer Kobasic I think the deal looks like it will cashflow as you mentioned, but if you're in it for the returns it seems you'll get about 3% cash on cash return with 20% down (assuming you do zero repairs/upgrades) - and probably more like 2 - 2.5% when factoring in closing costs (others correct me if I'm wrong please) - I think most investors look for 7% or more cash ROI though.  

There have been some upgrades, like the roof, paint, kitchen appliances  etc.Now what gives me concern is that my realtor has a wait for the right buyer to come along strategy.  

The non grounded 2 prong outlets should be upgraded to include modern and safer 3 prong receptacles which provide a pathway for the current to travel harmlessly to the ground.

Working for a client that found a SFR with a permitted MIL. The unit has its own entrance, kitchen, bath, laundry. Question: If the space was permitted as a MIL does it need to be a permitted ADU to be rented to non-f...