Also make sure you understand everything about adding an ADU including value of the ADYPU, financing, impact from rent control, duration between initial expense and initial income, true cash flow (know the 50% rule, at 50% rent ratio initial property tax will be near 20% of income)- educate.  

@Renee LeFevreTo rent out your basement, follow these steps: check local regulations, prepare the basement with separate entrance, screen potential tenants, draft a lease agreement, set the right rent price, consider tax implications, update homeowner's insurance, and build a positive tenant relationship to attract quality renters.Good Luck!

🏡 MASSIVE transformation coming near downtown…🏙️With one of the last areas to develop near downtown, the neighborhood just south of Empower Field will get a massive upgrade 🏟️The stadium district master plan is only 10% done, but will include a mixture of housing options, jobs, game day/special event experiences, and more.When this 58 acre space is developed, it will re-shape the landscape of downtown once again…

.✅ Buyers still working with buyer’s agents✅ Most sellers still offering a buyer’s agent compensation✅ More transparency to buyers and sellersSure there were some changes, but I am seeing things are BUSINESS AS USUAL.Seller’s are still given the opportunity to negotiate all commissions (including if they choose to pay a buyer’s agent), and buyers are still given the opportunity to do the same regarding their agent’s commission

The only challenges you haven't mentioned is advertising for roommates, screening them and where to get a lease.

Operating Expenses includes taxes, vacancy, utilities, insurance, maintenance, and management fee.

I know this is unpopular opinion as we all take advantage of it (including myself), but should real estate really be allowed to be depreciated?

You probably aren't getting many people to even view it on the MLS, if buyers haven't checked to box to include manufactured homes in the search. 

Louis because of the price $60k to $100K usually 3-2 bedrooms and 2-1 bathrooms to put for section 8, but a lot of people said bad things about it that make me scared We have the same screening process for Section 8 as we do for traditional tenants.

These include the actual cash flow (NOI), Your net cash coming in after expenses and allowancesDepreciation - the tax benefit that lowers your taxes.