Then I sent emails directly to Clayton Morris inquiring about a finish date and he responded by voice-male that permits were almost completed and that it should be 4 to 6 weeks and it would be "smooth sailing" as he characterized it.The house was never built, I've paid back-property taxes and fines of over Approx $1200...ongoing yard maintenance costs of anywhere from $40+ up to as much a $225 monthly for a vacant lot just to keep the city off my back with fines...etc..Bottom line is.....After having a nearly perfect credit score and credit record of 25+ years, I will be in Bankruptcy court in May, 2019 because I cannot afford the payback of the credit card funding because there is no house built (cash flow) and there is not a single attorney that I contacted who doesn't want $60,000 (up-Front) because they all say they can't do it on contingency because Clayton has so may law-suits against him already that they feel there will be little (if any) money left after all the litigants already in line have been paid.

Now the minimum standards your basement has to hit for it to be able to count as assessed sqft not estimated is a height of 7 ft, a point of egress (bilco doors) and a window usually in the rear, It's one of those things where if your going to go through the process of digging out a basement you might as well go for it and dig it deeper then 7 and closer to 8 ft so you actually stand out compared to the competition.Now the other side of this coin which I would suggest is if you're willing to spend 40-50k on a basement dig, consider adding a 3rd story addition if your a 2 story (think master suite, walk in closet, master bath) or an addition off the back and add a roof deck if your a 3 story (either master suite or just additional bedroom).

Unfortunately the numbers are tight because there is more competition of small units and even somewhat competing with hotels with a 2/2 as some hotels have suites. 

@Jon Dawes All of us at Rent To Retirement are looking forward to working with you and helping you find the right lending option that best suites your needs. 

I have a master "Rent Paid Checklist" for every month on Google sheets and Rent Rolls, a master Lease Anniversary List, and a monthly to-do list to make sure I don't forget to pay the mortgagees and such alongside a month-specific to-do list I add on to not forget to pay taxes or that Suite 205 said they are moving out at the end of the month.

My thinking hot tub would attract guests in winter months, when you can’t swim in the gulf or community pool. 

The platform offers a suite of tools and features that streamlines the entire syndication process, including capital raising, fund management, CRM, etc.

Insurance and Title Shop around for home insurance companies that best suit your needs and select the insurance company that provides the amount of coverage for your home owner’s insurance policy.

Value is being added to this deal by fully gutting the property, on top of that adding a full 3rd story addition with master suite.

I got the property under contract and several weeks later the current managers were caught kiting checks and stealing cash of about $5K per month, while the owners of the property were 20 feet away in the next office suite.