Others I know are renovating basements & patio's into 4 season office enclaves.

Utilities included in monthly rent FEATURES : Laundry, Electric Range, Electric Heat, Master Bedroom,Playground, Car Park.AMENITIES: Air Conditioning, Patio/Party Deck,Cable TV, Ceiling Fans, 24 hours Internet service, Dishwasher, Firepit,Garbage Disposal, Microwave, security alarm, Pets Friendly,Refrigerator, Washer / Dryer.

He does a good job of highlighting the key elements to becoming a millionaire for most "ordinary millionaires" that don't get a lot of media hype.  

Bridge loans are used when you plan to get a more ordinary loan in the near future, but right now there are reasons why you can't.

But look at an ordinary passive rental property and it comes out no better than investing in the stock market.And I say this as someone who owns a 2-bedroom condo in the Washington, DC area that rents furnished for $4,000/month long-term (currently on a 25-month lease, i.e. a $100,000 payment guaranteed by the Brazilian Embassy) or up to $8,000/month during peak months when on Airbnb.

In ordinary circumstances, since you have already lived in the property for five years, there would be no need to notify your lender that you are converting the property to a rental.

New move ins are renting for $950 ($1050 for those that have small patio yard).

An enclosed patio on the back that was like an extra room- it had windows and an exit door to the back yard with a flat roof is leaking and has missing ceiling tiles exposing the flatroof rafters- it must go.

I'm very honored and appreciative that he took the chance in me, especially because neither of us ever flipped a property before.One of my contractors left my 1st flip's patio door open over the winter and the condo's pipe burst, flooded out the 2 units below, I was terrified of how much damage it caused, I brought the neighbor below flowers on three occasions as a way of apologizing, then asked if I could buy her unit, I acquired it, so I was working on two flips at the same time - which was a managing/learning experience, now I know I can do this constantly.Thus, 2015 is the beginning of my investing experience, at 31 years old, I'm here to learn more from you (members @ bigger pockets), to read and educate myself, to be like you, and to one day, give back and advise others.I recently paid off my student debt, I have been miserable trying to accelerate that worthless debt's payoff, I have so many friends with 50-150k in student debt, it's NOT an asset, it doesn't create security.

3) Would renting out the condo based off this info be a good move...Built in 2013, two bedroom, bi-level, parking, and patio.