Since non-permitted work could impact insurance or liability, I’d consult local authorities, hire professionals, and confirm zoning compliance to ensure a smooth process.Good luck!

Some strategies to lessen the negative cash flow are: house hack and rent out the other unit as a mid-term rental (to traveling professionals or for people temporarily displaced because of insurance reasons like fire) or short-term rental (business or vacation).

Hey Nitesh, glad you came to BP for consultation.

Consult with an attorney and property manager to be sure. 

I’m going to consult a local financial planner but thought I’d ask the brilliant minds at BP as well.

I would love to JV with someone that has experience in this arena so I can learn the niche or a consultation/mentor fee, whatever is acceptable.

She rented out the second bedroom to a traveling nurse and found that the rental income not only covered half her mortgage but also let her save for her next property.

So anyway one can pay the  20k and get some basic theoretical knowledge but one should be realistic this is a big cash up front business.. your not going to find consultants doing this work on the come.  100% agree.

If the seller misrepresented tenant conditions, consult a real estate attorney about potential legal action.

As a "retired" public accountant and tax consultant I perform a lot of detailed ROI analysis for my clients.