Quote from @Jemini Leckie: Hello, I am trying to understand the Orem, city code to determine if I am allowed to rent my basement ADU that I currently live in two a couple cousins and their friend.

I am thinking about purchasing land for the intention of using it as a RV & Boat Self Storage.

The vast majority of these units I purchased using private financing with $0 out of pocket. 

I went through similar experience when I purchase rentals from a turnkey provider in Indianapolis.

Most of our loans are fully amortized and those that aren't, are 10 year balloons where we'll have more than 50% equity (at the purchase price) upon loan maturity in 2030+. 

If your friends have a rental they should hire a tax professional. 

Make sure they are "investor friendly" and well connected in the neighborhood.

Hi bp. is it possible to do a HELOC on a house I purchased 6 months ago?

Purchase price: $565,000 Cash invested: $200,000 Current Price: $599K (originally $649K, 67 days on market).

Quote from @Jonathan Snider: I have been saving up for a while to purchase my first STR.