Verifying last 2 years of rental history very important!

When thinking about a good budget, it’s important to account for more than just the down payment and factor in costs such as closing costs, which can include a processing fee and, in some cases, an appraisal if required by the lender, especially for multi-family properties.

And we've been successful at importing people to increase gdp growth.

@Max Bellino The take away from my first post was to trust the legal professionals who will prioritize what’s important and put you on the right path.

Most important will be your 401k sharing in the income and expenses pro rata according to the original investment breakdown.  

There are other considerations that may still make it impossible to permit the construction of the building even  if the by-right use permit is obtained and its important to have an architect closely examine how the proposed floor plans will layout to confirm egress &  bedroom windows + localized zoning overlays along with a  number of other factors.

This will be important for both your landlord and any legal follow-up.Notify Your Landlord: Since this is a rental property, your first step should be to inform the landlord.

The refinance is especially important if you build enough equity to get rid of the PMI (20%).

When you only have a couple rentals and they are leveraged (have mortgages), the rental income is relative small AND more importantly it can be inconsistent.

.: Partnership agreements are important.