Hi, we are the professional property management in Worcester county with the competitive fee.

Rental investing has progressively become a professional play leaving small guys with no real advantage until we get to a scale.

You folks have helped me understand and, even more so, appreciate the value that the senior investor brings to the table.  

There are special rules if you qualify as a real estate professional, your losses are not capped.

There are several professionals here on BP who can help you with the IRA LLC structure, including myself and Brian, do your due diligence.

The professional tenants share this kind of info in some circles, and all they have to do is call with the suspicion that their usage is less than their bill, and they utility will send a tech to inspect all circuits. 

although they both are interdependent.The best way to understand costs is to get a Floor plan drawn and get quotes from at least 3 people in the area who have done ADU'sIt's always a good idea to involves a professional right from the start, especially someone who is experienced as they will suggest techniques that could bring value and save money in the long run.

If so, I would see if it was legal to cancel the lease.I suspect that you are inheriting a professional tenant. 

I am a senior in Chemical Engineering at the University of Illinois and I'm living at home right now in Barrington, IL.

I would locate interested sellers who have >40% equity in their SFH and do not have a contract with a RE professional to sell their house.