Has anyone added extra bedrooms to a multi-family property to increase rental income?

Nevertheless, if the RAD investors  actually had loans  collateralized against property they would be in a much better position.

If we have to start eviction proceedings a second time, we will complete the eviction process and they will have to move.Rules vary from state to state and lease to lease, but on my properties, if the rent was not received, on the 6th they would get a letter stating that late charges have been applied to their account and if they do not pay within 10 days we would start eviction proceedings and all court costs would be applied to their account.  

We are working on getting a new insurance policy for one of our properties. small 3 unit property on the Oregon Coast.

I’m not confident on my calculations for ARV or Rehab cost and don’t want to get a property under contract if it’s not really a deal.

@Marc DeLeonibus Hey Marc, I did not end up purchasing the property.

Just because other people might be getting away with it for now doesn't mean they couldn't crack down on you after you buy a property their.

That includes property taxes, insurance, the cost of maintenance and labor etc.

The reality is that imposing expensive and time-consuming sprinkler installation requirements will drive property owners to either scale back necessary renovations or avoid permits altogether.Currently, when owners propose substantial renovations, they are often informed that their projects will require sprinkler systems, which can cost around $45,000 for a typical three-decker.

From owning this property, I have learned so much and overall it has been a great experience!