Interested in getting some extra income with converting the extra space in the basement into a rentable unit.Basements in a one-family home can be lawfully rented only if the following conditions are met:Compliance with the Housing Maintenance Code for minimum room size.There is a minimum ceiling height of 7 ft.The walls, as high as ground level, must be damp- and water-proofed if HPD determines that subsoil conditions on the lot require it.The basement is occupied by one family and does not include boarders.Every room must have at least one window.The bottom of any yard or other required open space cannot be higher than six inches below the window sill of any required window in the room.

NC has many licensing restrictions so many lenders won't touch the state or require the partnering LO or broker to be licenced there. 

I intend to publish these details as part of my review and highlight how, despite reassurances from Dutch, RAD’s policies are designed in a way that restricts access to funds. have you ever thought that maybe there are no funds is why they are not returning them.

It all depends on location of course. 1 good thing I have going, there is no restrictions there.

If you can maximize all 3, then you've also created a very wide lead funnel, which is less common in multifamily properties.Maximizing "pets" means you're removing carpet, allowing at least 2 pets including cats and larger dogs > 50 lbs, access to a fully fenced-in yard or walking distance to a dog park, leniency on breed restrictions (depends on insurance, your risk tolerance, due diligence with pets during inquiry phase), pet friendly furniture (e.g. faux leather couch, low pile rugs if at all), etc.

Hi Everyone,I am looking to get started with doing rental arbitrage with my cousin who is a Green Card holder, however, I am on a H1B Visa which restricts my ability to earn income "actively".

Investment Info:Single-family residence fix & flip investment in Chicago Heights.

Virginia has wholesaling restrictions, but no investor ownership restrictions.

Homeroom does lean towards suburban out of downtown houses (as you said, more space, less restrictions) for their investments, which ironically is the antithesis of where 20 to 30 year old student/young professionals want to live. 

There are so many IRS restrictions and prohibited transactions within a Solo 401K that it makes it difficult to navigate.