You may be able to get away with renting out the other room off the books, but I’d just make sure you have extra money in the bank should there be an issue.

@Joe Villeneuve  All these numbers are exact, and are rounded up to be generously conservative. 

They are seeing what they can get away with and I will bet you $100 they will not move out on time unless you move forward.

I’ve gone a few times for a weekend get away and I’ve seen a huge potential.

I'm rounding the bases on what would be my first purchase; a 4-plex property. 

- that is the ticket to success. 

This way, my LLC would have equity behind it, show cash flow, which would potentially make getting financing easier the next go-round.

Plus, if it's minor, you can always just run a dehumidifier in the basement year round.

Which means you can sell your real estate and purchase a DST or TIC as your replacement property and defer all tax and depreciation recapture. just as with any other property.They are fractional meaning you are purchasing a % of a larger asset so it is an affordable entree for many t get into passive NNN commercial investing without the large ticket of buying a 100% of a project.  

I didn't know a soul in this town which was about 166 round trip miles from my home.