Converting the basement to a living space to make a duplex.

Rarely is the pursuit worthwhile unless there's insurance money available or assets that can be converted to cash.  

For example, if market rent was $2,000, I might offer $1,900 and $1,950 for a 2-year lease to start.My leases convert to month-to-month at the end of the term.

Hi all,

This is a zoning question that I'm hoping maybe one person in this entire forum knows the answer or could at least point me in the right direction. I have purchased a townhouse in an RF1 zoned area and neig...

Xero will work since I have clients that uses them and well I helped them convert to it.

IDEALLY, we would like to find a property that has or is capable of being converted into a “mother in law”, “ADU”, “Casita”, or any other separate living quarters in which we could rent out the main portion to a tenant (short term or long term) and then use the separate space as our own for when we come and go with business.

Rick, I am preparing to convert a detached garage in Anaheim into 2 bedroom ADU.  

Something to consider is to convert the pre-tax funds/assets to Roth so you have tax free atm withdrawals at retirement.  

I would like to pass on a little bit of useful information for anybody thinking of converting their permit over to owner-builder. 1 - You will not be able to sell the property for a minimum of 365 days from the date of issuing of the CO. 2 - The property must be for the owner's own use and occupancy and not for sale or lease which means you will not be able to rent it out. 3 - The owner-builder must ensure that all employees working on the project have the required licenses.4 - The owner-builder must provide worker's compensation as required by Florida law.5 - To apply for the owner builder permit, you must physical visit the building department.There are others requirements and conditions, however these are the main items.

I think you have no choice but to convert to cash yourself.....no one is going to take the risk/hassle of converting afterward.