The assessor asserts that they have fair market value because the seller saved on commission and that saved commission is getting added to the value on the purchase price as part of their appraisal. 

Form an LLC, this will entail an operating agreement which should spell out all the "what ifs" in the partnership including the $ brought (which should include all acquisition and ongoing management costs). 

We are thinking about converting it into a small one bedroom house but obviously this will entail some major work (maybe 10-15k).  

We are thinking about converting it into a small one bedroom house but obviously this will entail some major work (maybe 10-15k).

You are correct in that it entails more risk on the lender side.When the rehab is financed, do hard money lenders (HML) escrow the rehab amount?

It would be near impossible for any topic to be taboo and have any sort of impact in the lives of young adults.Regarding your last question I’m not sure I made that assertion, but again, I’m not great at communicating sometimes so maybe it came across that way unintentionally.I hope more people chime in.

@Angela Richards, to get 2 more bedrooms and a garage, does this entail an addition?  

It's not a requirement, as is too often asserted by those who are not as educated about ways to raise funds.2) Land lording is primarily a people business. 

So although I am generally aware of what ancillary probate procedures entail, I can't comment from actual experience so I'll pass the ball to someone else who has first hand experience.

Profit and revenue can be made with the average manager and up, but with the good and great managers, the store will make above average to good revenue.However, if you get yourself a killer, such as an assertive, self-motivated, and ambitious H.L.O., then your revenue will go above & beyond expectations.