Covering my bases!

The biggest thing with this is if something major happens are you legally covered if the unit is illegally rented. 

Consider yourself fortunate that your property is still covered by your insurance carrier.

We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

A DSCR loan could definitely work, especially if the park’s cash flow can cover the debt.

So now we cover utilities for both units and the new tenant pays a higher amount too on the back unit to cover all the utilities with a great profit.  

The HOA covers all the exterior.What was the outcome?

Even better, I might be able to snag it well under market value since it's an estate sale that's been sitting on the market for nearly 200 days.Here’s the challenge: while I could afford to purchase the property under market value, I’d be stretching my budget thin to cover the mortgage during the period I’d be remodeling the basement to make it rentable.

I have drafted plans for covered patios and decks in Coronado, City and County of SD.