Always arrange money when you do NOT need it.

I was in need of a method of financing my living arrangement at the time, and came to the conclusion that I had to find it myself.

When it sells you will have 1031 money available depending on how your GP arrangement works.

Ideally you’d arrange with the friend that he would get all his money back plus interest at closing of the sale as opposed to monthly interest payments.The other option is equity, where he would split profits.

Any items stored on the porch (or in the yard visible to neighbors) shall be minimal, be arranged neatly, and must not impede access to the unit.

Are there any verbal agreements or arrangements between the current Landlord and Tenant?

My recommendation was that if she has access to a HELOC she could utilize that for renovations, or if she has a friend or family member with one she could try to work out an arrangement with them.

Now, I'm not used to that - in my world (acquisitions), you identify a property, complete due diligence, arrange debt/equity and 60-90 days later the asset is yours.

I inherited a multifamily house from my father in Connecticut.He had an arrangement with a pool guy to use the annexed garage as storage for equipment, chemicals and materials.Originally it was just 2 vans that would stop by in the early morning (7am).

There should be a fair and balanced plan to the arrangement.