The other 3 have leases in place.The property appraisers website shows 'functional obsolescence' because of this of course...My hesitation or concern is the obvious..Has anyone had a similar experience , or could shed some advise it would be greatly appreciated.

No basement leaves little room for storage unless you have a shed or a big garage.

Every market is different so it might be a little hard for someone to tell you if your deal is good or not (unless they happen to be in your market and can shed a little more light).  

Depends on market, but mostly you can rent everything, even shed:).

Also has nice shed, roomy front deck and stairs off back door.

My tenant wants to put a storage shed in the backyard.

Does anyone have a good deal of experience with this and could shed light on its potential profitability? 

Good Evening,I was hoping other members could please help me in answering, and shed some light on my following 2 Questions/Scenarios .......1.  

If my residential deal has a hard money 1st with a promissary note w/seller for interest only payments until refi occurs in which I payoff my HML and then secure the seller's interest in the property by recording the junior lien after refi is successfulTo all that can shed light on what's going to be my best route to take in 2016, I greatly appreciate your time!

Hoping someone could shed some light.