Yes, long-term rental clients sometimes don't want short-term rental next door to them, but you are the owner and landlord and set those expectations up front so it's on the table before they lease.

Also, new to the platform BP has here, what exactly are "the boards" 😅Sorry.

Hi Salah,Welcome to the investing side of real estate!

So maybe think this through a little more.

@Jillian Alonge A HELOC provides quick access to equity for your next property but transferring the property to an LLC via quitclaim deed may trigger the due-on-sale clause—check with your lender.

Glad to have you on the forum, Vidya! 

The wood floors were sanded and poly'd before she moved in and they've been sanded so many times over the years, the boards won't hold up to another sanding, even though the scratches aren't deep. 

So if you provide a good letter of explanation, then you could do more than the 10% as long as it falls within the 50% of the gift funds. 

There are currently tenants in both units, but both leases expire over the next couple months.

@Albert Gallucci as many have pointed out, in the commercial space of 100+ apartment buildings and offices, property classes have some pretty decent industry standards.We started applying these to 1-4 unit properties around 10 years ago, which you can verify on our blogs, because we saw too many newbie investors not properly taking into account things like, neighborhood status, tenant pool, property condition, etc.Unfortunately, there's no industry standard for this, but you can use some basic logic to think your way through your own Classifications.