I'm curious if pre-Bubble subprime defaults were that much greater than FHA defaults.Without subprime and with most private lenders staying far away from consumer lending it's just too restrictive.

Special Situations) that seems to apply to the personal property you converted from personal use to rental use.Basis of PropertyChanged to Rental UseWhen you change property you held for personal use to rental use (for example, you rent your former home), the basis for depreciation will be the lesser of fair market value or adjusted basis on the date of conversion.Note that the property addressed in this section is not restricted to your dwelling structure, but rather applies to any personal use property that you convert to rental use, then depreciate.Just how I see it.

You don't have any recourse if she says no because I think just about anyone would say that if you go out the back door you are in the backyard but you might ask that the neighbors dog be restricted from the use of the porch if this disturbs you.

Bought one, leased it to the buyer for 90 days (deed restriction) then sold it to them.Worked out well!

In some locations there are restrictions on this. 4) Dividing out utilities between units so they can be billed separately. 5) Renting out garages and parking separately and independently.

I would be looking at a SFR versus a condo, so no HOA or CCC type restrictions to worry about.Thanks in advance for any input!

I do my own deals and the licence really restricts what I can and can not do- say etc...It is not about the money really, giving up 5 or 6% of a deal is fine with me...

Depending on any restrictions, etc. some of those properties can be used to produce solid cash flow as vacation rentals, etc.This is a case where the devil is in the details.

Now when YOU decided to pay $800, 000 for the condo next door you KNEW that you would be paying taxes on your new base and that Prop 13 would restrict your assessed value to increases capped at 2 o/o per year.

And I suggest you review dog restrictions from several other insurers to be sure that you aren't screwed if you need to change your insurer.I would just say no due to insurance reasons.