I need long-term renters as a back up.I saw a basement apartment for rent in LauriaVille in a gorgeous remodeled home that’s been listed for $1050  It’s been sitting there a couple months and that concerns me because that’s not a lot of money for quite a bit of space in a great house.It’s been sitting there a couple months and that concerns me because that’s not a lot of money.

You can check out homes with a basement that has its own entry.

From what I have noticed looking at the MLS, your money goes way further in Saskatoon because you can purchase properties with up to four units, whereas in the other two cities, I mostly see single-family homes with (maybe) a basement suite.

A basement conversion could make sense (either STR or LTR depending on how much work/headaches you are willing to take on).

Please note the information provided below is a layman's definition designed to provide a basic understanding for the general audience.

I live in Tampa FL and housing prices are ridiculously expensive and from a basic research I’m pretty sure I could build cheaper.

If you have a galley kitchen, you just need to cut for the sink etc so you could get a basic granite countertop kitchen for under a grand.You can't be picky and you have to search around, but it isn't that hard to do.

You don't need to know everything to get started; you need a foundation to build on, and the rest will come through experience and then refining your education.You can build a basic understanding of investing in 3-6 months.

It will be best to choose one and run with it for a bit so you have a base of comparison for the future - keycheck is a solid start.

For those who have done a base rent + percentage of wedding event operator revenue, what percentage did you use and how did you determine it?