I think the legal term is jointly and severally, but I'm no lawyer, this is not legal advice, and I could be totally wrong about the terminology.That way you go after both of them until you get paid, or whoever has the money.And I'd NEVER let someone move in who is not on the lease. 

Thanks for the response Nathan, sending you a connect to keep you updated on when I will be totally up and running.

So you can build a single family home and an ADU but they can't total more than 2,000 SF.http://planning.lacity.org/ordinances/docs/R1VariationZones/Proposed%20New%20R1%20Variation%20Zones.pdf

If 4 roommates apply, they will need 2x individually (totals to 6x) and 5x total.But, if, for example, 2 people apply... 1 person with 1x and second person with 3x, I can reject them. 

Anyone can have an opinion on this but no one really knows.To put numbers behind the Condo lets assume you purchase a $250K condo in my market with a total cost (down payment and any closing costs) of 10% so $25K at the beginning of 2017. 

Martin Saenz thanks for the advice, makes total sense.

Here are the stats from Cleveland Water and NEORSD (sewer):~$100 avg for 1.9-2.1 MCF water usage per month~$200 avg sewer costThe total of $300 per month is about 20% of the entire rent charged for the duplex which seems extremely high for just water and sewer (and frankly, way out of what I budged for when purchasing the property).I'm able to see daily breakdowns and each day seems to be about 400 gallons used a day for the duplex.

These guys are of course total scammers trying to say you could pay the debt off quicker at 21% than at 4%.....that really is kind of funny.

My question is if the purchase price is $50k and I need 100k for repairs is it 25% of just the puchase price or is it 25% of the purchase and rehab total?

So I listened to this podcast again for the third time just tonight and totally missed that first part where @Brandon Turner mentions how difficult refinancing has been for his recent conventional refinance and he had to write an essay on why refinancing is a good thing.