I suspect the person who originally turned it into a fiveplex only applied for permits to make a fourplex and then did the 5th unit fly by night (perhaps at a later date) in order so the property would still be considered residential and allow for better financing possibilities.

@Raif Jochim I personally like having my primary paid off.

In the event that there is an emergency, the person would need to be able to exit the apartment via the window.

Financial Highlights•Acquisition Price: $72,000•Renovation Costs: $35,600•Total Investment: $107,600•Funds: raised from personal savings and private lender How did you add value to the deal?

These are good attorneys, one of them even spent over 45 minutes on the phone talking to me about options, as well as a personal discussion about fishing, so he clearly wasn't trying to dismiss me.If you have a case, you can file a complaint with the state commission.

There are quite a few solutions out there so that even the most tech challenged person can pay electronically.

Yes, I'm a Property Manager in the greater Phoenix area.We are a mid-size property manager, large enough to have great tools and support but small enough to provide personal service.

Real estate investing is forgiving; the average person can still make money even with some big mistakes.

But starting with single-family can be a great way to gain experience and confidence before tackling larger deals.If you were someone I knew personally, I would probably suggest multifamily, but it's not for everyone.

Hi, my husband and I are new to real estate investing and have a property we are renting out to tenants. We recently put the house under an LLC but are not sure if the lease should reflect the LLC as the landlord or k...