However, keep in mind that there may be additional fees associated with multi-family properties, so make sure to factor these into your budget.

I’ve recently been exploring the idea of hospice/ continuing care models.

If the water bill is $100 a month, increase the price by 20% (or whatever you decide is fair) to compensate you for the time required to split and bill and to cover additional use when tenants squander the utility.

Unless you can convince an underwriter that someone is giving you a car, you’re buying a car all cash or you’ll be getting a bus pass, expect to still be hit for an auto payment…Most lease companies will allow you to extend the lease for up to an additional 6 months.

Hi Suzanne, I am assuming you own this property and exploring options for a cash out refinance? 

If you decide to sell it before you are able to use the additional $2k loss then it would just be washed away. 

This approach allows you to access funds in the property swiftly, at little to no coast, and without committing to additional debt.

I’m in the process of finishing the basement and adding an additional 2 bedrooms and 1 bathroom.

Consider exploring internships, networking opportunities, and informational interviews with professionals in the real estate industry to gain insights into different career paths and determine which degree aligns best with your aspirations.

In addition, it would seem that you would lose the stepped up basis at death if you are on the title.I suggest you consult a CA profession tax consultant and possibly a CA probate lawyer.