Thanks in advance!

I don't think you are going to be able to get insurance for two separate living units in a single-family when they are both illegal and likely do not have the correct egress windows (basement) for fire safety which could subject you to huge liability if something happens to either party.

., adding rooms, bathrooms)-Cosmetic Enhancements-Eliminate Health and Safety Hazards-Energy Efficiency Improvements-Major Landscaping (e.g., grading, tree removal, adding walkways)Non-Acceptable Renovations:-Luxury Items-Commercial Use-Temporary Structures-Non-Residential BuildingsBoth of these renovation loans are similar in many ways, but the key differences are:1.

They focus on safety issues, such as wood rot, water damage, and structural integrity of balconies and decks.

We look at things like safety, unemployment, schools.

Thank you in advance! 

Later on in your investing journey the safety and low management of expensive, appreciating properties will become appealing.

I would talk first to an electrician as many do fire alarm and life safety.

If you buy in a vacation area there really is no safety net other than desirability/location…I guess just don’t pay up too much.  

Obviously meet all safety requirements.