Using more of a buy and hold strategy, but It's good to see some more inhabitants of America's Finest City...and yes, they're all jealous, haha.

The man inhabits a very small second bedroom in the home and the smell is reportedly atrocious.

Yeeaaahhh....)If you're hiring a legitimate business to help you run your legitimate business, don't be shocked when they charge you the overhead to make sure that the business is running correctly and legally.I think the question you need to ask yourself is this - is this PM handling your 1958, broken down and badly renovated house inhabited by the world's finest renters in a way that is keeping things smooth from your perspective?

With today's 'blended families' and friends doubling up to save on rent, you should easily find many instances of too many unrelated people inhabiting one house.Myself, I've been flying under the radar for many years and have had no problems with my 'college violator' and low-income violators.

I'm pretty sure you can draft an addendum to the lease as well specifying the new rent and that the property is not to be inhabited by more than one CAT from this point forward, and that all other terms and conditions are subject to the original lease.

I filed a claim immediately and requested the ticket as emergency to restore heat in my property (considered inhabitable).

Generally, for a room to classified as a bedroom it needs to have a window (or door) that is big enough for the inhabitant to exit out of in the event of an emergency.

A bank wont lend on my free and clear property cause it has been gutted out and is inhabitable.

But again, for a loan to flip the house needs to be in habitable condition, defeats the purpose of flip.

@Will Barnard - You left out the part about getting the previous inhabitants to move out of the property ;-)I share the view that private lenders are to be made whole even if it would mean selling a property outside of the troubled deal to make them whole.We also tend to put the capital of our equity partners before our own.