Masonry is hard to work with especially moving walls or expanding -- ergo expensive.Today, there are issues with re-enforcement for earthquakes and permitting, so be careful.

I send out between 5k-7k letters a month..I have a bulk mailing permit from USPS..So it cost me roughly $300 per 1000 letters mailed...I print my own letters ( not yellow letters) I use simple white copy paper.

For new construction, the land must be owned free and clear and plans and permits drawn before we can fund.

Any non-permitted modifications will also be reverted on the owner's dime (or the owner fined until they do)Probably completely different in LA, but not something to mess around with until you talk to someone well versed in your local rental code.

Since then I've been voraciously devouring the BP Podcasts while working out or driving anywhere, as well as watching the Webinars when time permits.  

All contracts, options, or other devices not based upon a substantial consideration, or that are otherwise employed to permit an unlicensed person to sell, lease, or let real estate, the beneficial title to which has not, in good faith, passed to such party for a substantial consideration, are hereby declared void and ineffective in all cases, suits, or proceedings had or taken under this chapter; however, this section shall not apply to irrevocable gifts, to unconditional contracts to purchase, or to options based upon a substantial consideration actually paid and not subject to any agreements to return or right of return reserved.

if you can get both figured out to your satisfaction you talk with your renter and make sure she gets any special permits or insurance needed to protect you. 

Greetings Kristen:There are lenders in my area that are credit unions and they will permit an LLC refi at 75%-70% value, after an ownership seasoning period of 6-12 months, lender dependent. 

Another friend who directed the environmental permitting for Anadarko in Southern Wyoming spent about 6 months looking before he found something new.I don't see the professional level jobs available...maybe my friends and I are in the wrong business. 

A list of encumbrances on a property's title can also be found in the land registry.A list of building permits, work orders / code violations can often be obtained from a City or Municipality though an access to information request.