These are spaces that go for around $1,000/mth modified gross and not as nice as your property, but still a nice small office building.

They are also very flexible and can be easily added on to, or interiors can be modified without compromising the integrity of the structure.

Does it logically translate to larger units, or does your idea of a deal need to be modified?

If they are MTM you are free to increase or modify their lease terms.

One amazing tip for owners closing on rental properties in the fall/winter was to have the first tenant's term end/renew in June, so I can take advantage of the peak moving season.Therefore, it looks like I'll need to...Modify the first tenant's lease agreement to state that the lease would end on May 31st (or 6 mths from the date of the agreement if, for instance, I find the tenant in the middle of January)...... and also inform all prospective tenants, in advance, that the first lease will be 6 mths long but every successive lease term would be 1 yr long.Sound about right?

@Christopher Baustert You can edit or modify your post.

It will benefit you to do cost segregation if you are a real estate professional or you make less than $150,000 modified AGI and then you can offset your active income with your passive losses.

If you need to modify the agreement, you need to keep track of the notices/addendums and then over time interpreting the lease becomes messy because the agreement is actually the sum total of ALL of those documents over time.

I like to call this a nice safety net for those that our younger and looking to save but fear locking up all their capital. 2) Keep in mind to contribute directly to a Roth IRA, you need to be under the Modified Adjusted Gross Income (MAGI).

I designed it this way so it's easy to modify and for change orders, also it's easy for me to calculate my costs because workers compensation varies a lot in CA (7-57%).