Seems like a good deal to me, but it would eat up all my reserves along with a portion of  HELOC to pay for construction costs

I'd find a way to get to know him on a personal level, take him out to eat, and ask lots of questions.Also, why this 24 unit apartment complex?

Only way to do it was eat up property with switchback or elevator.

Simplify your life, hustle to make extra money, eat beans and rice, etc.

For everyone else the overhead burden for doing remote business is too great and more than eats up the benefits.

Get a quote, as that could eat up a lot more of the cash flow. 

I asked them to move it and they did and all is well.Using a property the way it was intended (sleeping, eating, sitting around the backyard firepit) is not a "loop hole." 

@Dean DeMattia a lot of investors avoid condos because of the HOA fee eating into cashflow.

Hi @Matt D'Arco, why not have your cake and eat it too?

I'm a little nervous to introduce myself to this community but here goeshi there, my name is Jose Aguilar I'm 25 years old and live in Whittier CA 90604, I love to eat, work out and read books, and i now have an interest in building wealth not just for myself but for my family.