Quote from @Itay Heled: I have a sfh rental in Maple Heights Ohio. 4bdr 1 bath.

California also has Proposition 19 rules to consider, which might impact property tax reassessments if the transfer is not between parent and child. 

Investment Info:Single-family residence fix & flip investment in Chicago Heights.

Either way...... gotta love The Heights......people will pay that amount to rent .,,,,,, instead of building wealth

If the loan lasts many years or it becomes a problem child, the points we get does not cover all our efforts.

While my husband and his ex make a similar income and do not exchange child support due to us pointing that out in court a couple of years ago, she actively request all financial documents that she possibly can and examines our taxes, etc. 

Their debts would include not just car payments, student loans, and credit card payments but also things like child support paid.

Requires some pre-planning if the ceiling height exists. 

Interested in getting some extra income with converting the extra space in the basement into a rentable unit.Basements in a one-family home can be lawfully rented only if the following conditions are met:Compliance with the Housing Maintenance Code for minimum room size.There is a minimum ceiling height of 7 ft.The walls, as high as ground level, must be damp- and water-proofed if HPD determines that subsoil conditions on the lot require it.The basement is occupied by one family and does not include boarders.Every room must have at least one window.The bottom of any yard or other required open space cannot be higher than six inches below the window sill of any required window in the room.

When a child LLC (disregarded entity) is used to hold each property, and all of the tax reporting is done on the tax return of the parent entity, does each  individual child LLC need to file the BOI Report, or only the parent LLC?