A common strategy used by investors, such as those operating through PadSplit, involves purchasing the property, completing basic rehab, refinancing, and then using cash for the interior build-out.Another potential red flag, even without converting common areas, is the addition of individual locks on bedroom doors.

@Jonathan Cooper - Sounds like a short-tax year is involved.

@Tom EvansCongrats on the potential STR in AZ.As for a shared well agreement, they can be tricky (even when it does not involve STR usage).

Don't get involved at all in domestic violence - who stays, who goes, taking sides, etc.

If the same people are involved, it doesn't matter.

I've been involved in a lawsuit that settled right at a million dollars, and that was over 20 years ago.

There is not enough meat on the bone to involve an agent or an attorney.  

I don’t know of any other opportunity where you can net $10-20K (in some cases even higher) per month on a single residential property.There’s usually plenty of room to bring investors in and everyone involved still win, even in todays higher interest rate environment.Financially, residential assisted living is usually a more cost effective option for families than alternatives.

Favorable Zoning: Griffin’s “MDR in-fill” zoning allows for smaller homes on compact lots without the need for variances, simplifying the building process.

If you have it in emails etc. you could have a position - but as another poster mentioned, giving up $100 a month in rent to only paint two rooms is very very generous so I can see how they thought there would be more rooms involved.