That would translate, at the higher sq ft end, into about 350-375 rental units with average size 95 to 100 sq ft (5 x 5's  up to maybe 10 x 30's ). 

It looks like owners who occupy the property may make whatever alterations they'd like in accordance with code and permitting. 

I can see that the SFH routine has been a great experience for us and we're still happy with our tenants and the progress we've made.We've recently decided to alter our course now...we're going to regroup for about 6 months and then attack the multifamily units exclusively. 

Simply state that you cannot alter the lease until the renewal period and he is responsible as much as she is.  

The more I learned about real estate the more convinced I was that this was something my husband and I could do together and we started altering our life strategy to include real estate in the future goals.

Can you guys help me translate this info that he sent me??

The OA is important because it provides for what happens if you die or become disabled or, if married, divorce....it also helps ensure the LLC is separate from you and not an"alter ego" of you (which would allow for a piercing of he corporate veil).

I like to not allow any alterations, including paint, unless getting written permission from landlord. 

If you have a day job, time spent on demolition and construction can translate into lots of lost evening and weekends.

Can I charge a lease altering fee to cover the time it will take to rewrite the lease?