Moreover, if you sell or the tenants want to move and their rents are well below market - they might be in for a shock/lifestyle adjustment/unable to afford current market rents.

We plan to go the most cost-effective route initially, and then adjust later as we build more experience/reserves.Thanks again for all the great feedback!

Also to risk adjust the returns.  

But what difference does it make if the leveraged portfolio earns an insufficient risk adjusted return?

They will also provide guidance on how to handle the conversion and any necessary adjustments.

You're best off continuing what is currently being implemented and then making adjustments once you have a better grasp on the building.

Long story short, I spent about 3 months figuring out how to make half-decent drawings and refining and adjusting them to code.We started work on the basement at the end of May with Minh and by the middle of September the basement was transformed into a luxurious 2/1.That still left a lot of landscaping work, but my wife and I tackled that over the next 3-4 weeks in addition to the furnishing.

If you want to maximize write-offs then you have to go the manual route, if you are okay with a softer angle, use the automation.

Trevor, you can adjust your due date in Baselane if you're inclined to let her pay on the 3rd, but make sure you have also adjusted the terms of your lease to reflect that.

This fact makes it possible to easily adjust the LTV ratio and protect the lender’s investment.