. - appraisal could come back subject to corrections. - unless you get some whacko judge, there should not be any issue collecting rent on unpermittted unit, having a move-out cost (no fault eviction) in excess of the standard rent control or eviction process in excess of standard rent control hurdles.    

Asking in the correct forum will get a better response.Need a spreadsheet or form?

You'll know we're on it and communicating with you so you can rest easy and trust that the whole team is working for you!  

Honestly, since you are identifying the problem and correcting it, I'd stick it out and push through. 

If you are unfamiliar with the process, I would reach out to a lawyer to set you up correctly. 

Quote from @Lance Turner: You are correct.

I would recommend speaking with a qualified custodian to ensure you set up the account correctly, which is step one. 

Also, who is telling you its a good deal and the correct area?

It can work out great for both parties when set up correctly.

I have heard some people doing it for 7 years, which one is correct?