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

I've read conflicting information about what triggers you to have to pay self-employment tax on your short-term rentals.There seems to be a consensus that the following does:Airport TransportationProviding cooked mealsOffering ToursCleaning during the guests' stayDecorating the property for a party as a serviceI'm not sure if these would cause me to have to pay self-employment taxes, as I've seen these items on a couple of lists but not most:Providing a coffee stationProviding a welcome basket with food itemsProviding bikes and kayaks for the guests to useDoes anyone know where the line is of what you can and cannot do and provide?

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.

I like cooking with actual fire and like my dryer, water heater, and furnace gas appliances.

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? 

The property is located in Cook County Illinois

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.