@Marcus Johnson additionally, I know Uber Built recently finished an ADU in south Minneapolis.

You would also run the risk that there is an issue with title and cannot close after the fact.We are prepared to pay off the loan now we simply need to get title work finished first. 

However, when I went to do a final inspection tonight, he still hasn't finish packing and moving his belongings.

Also, good income can demonstrate that they are capable of attaining a higher level of achievement which comes into play when I teach them how to do their financial calculations.3) They MUST learn all the Financial Calculations and can put together a 10 Year Business Plan.

College drop isn't necessarily a problem, but he didn't finish college so how do we know he will stick with a business?

Does anybody know...Does finished basement adds value when applying for cashout refi? 

We are looking at larger 3BD/2BA for opportunities to convert extra rooms/finished basements/garages into extra beds/baths.We noticed if the rent is about 0.5% of the total property value, we will be about breakeven for pure cashflow at the following assumptions using BP's Rental Calculator (e.g., $500k property requires ~$2500 rental income to breakeven): 5% CAPEX, 5% vacancy, 5% repairs/maintenance, and 8% property management (we have something worked out with our property manager)Here are our questions:-Would ~$600/room be a competitive rate?

Depending on the qualify finishes and overall condition of the units, this is better rent than I would have expected.

If all goes well, they will finish the construction in 6 -8 months.

You then respond "Actually Carl, I'm gonna give you 10 Weeks and a 5% Bonus from Total Job cost if you finish on time."3.