If a property is brake even, that means all bills are being paid but no money is left over for the owners.

For my first deal I am looking at converting my basement into a full studio apartment and renting out both the top and bottom part of the townhouse, like a pad split.

It is Cleveland after all and winter time, it is nice to have covered parking.I am certain this would be a potential deal breaker/large negotiation position for any future buyers as someone will need to handle this issue.It needs to be completed, I would be curious to better understand the condition of the 3rd garage bay along with the garage pad.

We have a few local RV parks that have agreed to let me rent pads for a year at a time and STR.

Once that TIF zone ends, the TIF funds become town capital and the additional revenue generated in taxes pads the balance sheet of the municipality. 

To me its more like learning basic car maintenance (how to change the oil, brakes, etc).  

@David PaiSo your concrete pad is raised above the neighbors yard and your tenant washes pet waste off the edge into their yard?

Try stopping a freight train with 35% of the brakes on. 

Still in progress but we are bringing in new homes to fill the vacant pads.

As a Fannie/Freddie lender, I wanted to report on one of the most common frustrations I see for investors I work with:  Though sometimes we can dip below, we can generally only finance properties with 50+ pads.