It's 2100 sq feet, two entrances, back deck and front deck, 10 minute walk to public transit. 

If you are purchasing an asset then you could cross collaterize both but if $ for non secured asset may be easier to look to sell the loan.

If it’s a chattel filing with the state, the foreclosure would not affect the secured party’s interest… they could still repossess the equipment.

Last year I bought a 4 unit, 2 story purpose built apartment. I use a property management company but I also stop monthly to check on things. The place has been clean and quiet until a new tenant moved in last month. ...

This may be the best time to secure a property, live in it (and less than 20% as a primary), then move or reassess the plan in a year after your mortgage implication is up.

Focusing on securing funding, partnering with quality contractors, and sourcing off-market properties certainly seems to be a winning formula.By prioritizing the purchase price and understanding the needs of both your lenders and contractors, you’ve managed to create a sustainable and successful investment strategy.

Koevenig does not have a general contractor license he has an HIC license and from the public data I could find on his company listed here:https://www.buildzoom.com/contractor/cbus-remodeling-llcHis license may even be currently inactive.

Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

With regard to securing a tenant, I think you are attracting the applicants you want, but maybe are gun shy about accepting them. 1.

Here are some pros and cons:Pros:Safety and Security: Requiring background checks for all adult occupants helps ensure that everyone living on your property has been screened for potential risks, such as criminal history.