If the addition is not permitted, I would run away. 

It is much better to have a reserve fund and add it monthly.

My experience with the smaller multi-family units has been that more occupants = more wear and tear on your property so the turnover costs are often higher than SFH.

Give them a 60-day notice, then charge them a prorated rent for the additional 20-day extension.

However what happens when the tenant vacates and now the unit has to be turned over/takes a few months to find a new tenant and during that same period of time the sewer line goes and you get hit with that $15,000 cap ex expense in addition to the vacancy and turn over costs.

Finding a trustworthy contractor is crucial as I build my team remotely.I'm looking for a contractor who:Has experience with full-scale renovations.Is reliable, communicative, and meets deadlines.Can provide references from past clients.Is familiar with Birmingham's permitting and inspection processes.Any recommendations or insights you can provide would be immensely helpful in building my team.Thank you for your time and expertise!

With absolutely no prior experience investing in real estate, I'm getting to the point/age where retirement from corporate America is getting closer and closer, however I still have 2 kids to put through college over the next 2-6 years.

I'm also in the process of getting preapproved to determine my budget.I’d love to connect with others who have experience flipping or rehabbing homes in Hawaii.

Does anybody here recommend any mentors/resources/tools/or has experience doing it themselves and would be open to connecting? 

I've spent a good deal of an hour clicking around in circles on the DHA webpage and setting up a profile with their bob.ai platform but cannot seem to get real answers or the ability to speak to someone about the details.Anyone have experience with voucher program as a land lord?