Quote from @Alec Jacobs: I am wrapping up a lot of the rehab of my first rental property and I was wondering how a basement of a rental should look like?

I will be purchasing the properties in cash, likely from mortgage or tax deed/lien auction.

The property is a small three unit multifamily. 

I’m buying a property with my son as the primary.

Depending on where you are, you might have a different target renter than I do.I have a couple properties we are looking to develop on, I'll send you a PM

and buying a property is actually very expensive. 

Quote from @Herrison Sitorus: Hi all,Recently got involved managing a rent stabilized property.

These loans often have flexible terms, can be held in an LLC, and can cover multi-unit properties.

I just put two long-term rental properties on the market that we rehabbed in desirable area of West End Boise and demand is a little lower than expected.

.: Quote from @John Underwood: I have never had any problems with noise or smoking inside.I have higher end properties and higher end guests.So John - you are saying just don’t get them if it’s a higher end property?