Much like what the city just did so too will the county.At their September 28 Regular Meeting, the Alachua County Commission discussed their draft Residential Rental Permit ordinance, which has a proposed effective date of March 1, 2022.

This means the rents must equal 115% or more of the proposed PITI payment.

I think you're right and proposing a healthy mindset.

A lot of what you are proposing is pretty complex - especially if you have little experience, average credit, and little reserves.  

Once the family members with disabilities or who are sixty-two (62) years of age or older, or any other family member, no longer reside(s) in the premises on a permanent basis, or the title is transferred, the property owner shall notify the zoning official in writing, and the accessory family dwelling unit shall no longer be permitted, unless there is a subsequent, valid application.As you can see, it's really all up to the zoning department of that city or town, and my guess is that if your proposed use doesn't meet the above, they will not approve it.It doesn't really sound like they're talking about an entirely separate structure, so if that's true then the question about getting bank financing for such construction would be moot, but it's possible I'm reading the above wrong.As far as whether you can build on the empty small lot in general, you'd want to look up the zone of the lot on the assessor page and then look up the Permitted Uses section of the Cranston zoning ordinance to see what can be built there and Zoning Districts Designated to see if your lot meets the minimum lot size to build something.

However, there are no metrics I see right now, along with the actions and proposed actions of the federal government that would indicate to me that housing supply will drastically improve, or interest rates will drastically rise soon, that would lead me to conclude property prices or rent costs won't drop in the near future.

The tenant's attorney has asked that I propose a change which they will weigh against the cost of the additional rider for the 18months and $100M limits.   

Hello! I am new in this field and after doing research I believe I found a potential deal and now I am ready to start doing my presentation for the private lender, which is, in this case, my mother. Although that it i...

Part of an engagement letter with a real estate lawyer reads like this:“Attorney makes no guarantee whatsoever as to the investment outcome of the proposed venture, and Client is advised that Client may be sued for damages by investors under many theories of law should the investment fail, even if all securities compliance matters have been correctly implemented.”

After a back and forth he said if something was misrepresented then it was unintentional and he apologized and asked for an opportunity to make it right.His proposal to make it right is he will reduce the outstanding balance by 9K to bring it to 45K, and he will loan me the 6K difference between the 39k the bank will loan and the 45k outstanding.