The world starts to seem very small when you jump into a group and network of real estate investors, and everyone has their own style and ideas of what has or could lead to their success, however the world is much smaller when it comes to those that are doing this full time and have had rapid growth.  

I am having a lawyer draft the letter of non-renewal as she has vowed she is never moving the 4 times I have suggested she would be happier elsewhere because it is clear my management style is not to her liking.

Perform due diligence, including soil tests, environmental assessments, and surveys to ensure the land is suitable for construction.

In addition if you plan to rent by the room after you move out, check zoning because that style of rental is sometimes called a "rooming house" and regulated differently and may not be allowed where your home is.

. - Strict local regulations can also sometimes increase compliance-related maintenance costsCost-saving strategies I've seen help:- Preventative maintenance programs can help reduce overall costs obviously - Some investors report success with in-house maintenance teams for larger portfolios- Energy-efficient upgrades can help reduce utility costs in the long runYour specific costs will depend on factors like the age and condition of your properties, your management style, and the specific neighborhoods you're invested in, but hope this helps!

Purchase price: $1,250,000 Cash invested: $210,000 Sale price: $1,740,000 Purchased this 4 unit townhome style 4 plex in Arvada.

We might as well have ΦΠΑ and evade it Greek-style.

I also wondered about if it makes sense to tear down and build a pergola and nice retreat style area for family events and then put a tiny house there.

Fannie Mae's guidelines verbatim are as follows:Must be occupied by the borrower for some portion of the yearMust be suitable for year round occupancyBorrower must have exclusive control over the propertyMust not be rental property or a timeshare arrangement (this has the following disclaimer in the guidelines:  If the lender identifies rental income from the property, the loan is eligible for delivery as a second home as long as the income is not used for qualifying purposes, and all other requirements for second homes are met (including the occupancy requirement above).Cannot be subject to any agreements that give a management firm control over the OCCUPANCY of the propertyThis means that as long as you intend to occupy the property some portion of the year, you could absolutely rent it while you are not using it. 

The x-tenant managed to move again and get a new car just this spring, so no motivation to pay us since it's apparently not crimping their style.