The other option is a water supply line, but that would typically resulting a steady leak and the damage would occur faster.Really think about what is above that space that could cause the issue.

Where I see mistakes made in the note space are:1. companies turn into marketing and education - they lose focus on underwriting and managing their business.2.

thanks for the inspiration, I am 21y/o myself and plan on moving into the multi-family space sometime between my mid twenties using traditional financing - but now you have definitely opened up my mind about using creative financing - thanks so much & congrats!

In the RE space, that's typically flipping & wholesaling.

@Trent Davis- This is on a slab foundation with a crawl space. 

They said if there is more space in the REIT later on, the money would then be transferred into the REIT, but they couldn't promise me that I'd be able to get into the REIT.

You could either de-convert the basement before purchase, buy with plans for de-conversion, or leave it as non-living space.

Lot's of exciting traction in the MTR space.

In many places if you are not opening up walls in that space you don't have to bring that up to modern codes.

But, if any of the units are used as commercial space, you may need to structure the loan on a Mixed-Use DSCR loan which could affect pricing.