After owning the property for 1 week and putting in a lot of sweat equity, I've concluded that I want to keep the Inherited tenants based on the condition of their living space and the quality of the people, Knowing I want to keep them to save myself the headache of a  turnover and vacancy of a projected move out If I were to suddenly increase rents. 

Projects give us visibility on my projectsMy CPA can easily access the reports for tax preparation.

By the time an Inspector shuts down a project, and the homeowner goes to court/city/judge/whatever.....there is wasted time and money.As we all agree, just get a permit (if it is required) and do things right. :-) Even if you win the war, loosing the battle can easily wipe out all your profits and more.Think about that recent CA AirBnB case where the lady was in the guest house for almost 2 years with no rent?  

They offered to provide projections or a pro-forma.

The problems with the project mostly stemmed from the crawl space work, which required shoring, replacing structural members, leveling floors and insulation. 

And if they are a hobbyist/part-time builder, then they should engage the proper professionals, i.e. a title officer, civil engineer, architect, contractor et al to assist in reviewing the project's feasibility.

I was ready to surrender because the actual numbers sucked compared to our projections.

All in all my project we are proud though we fought through Covid and interest rates and have exceeded original proforma..

.- Project Update: North Nashville Duplex- Why Should the Fed Cut Rates at All?

Thanks guys really appreciate the time to pour into my next project.