Not sure when Andrew purchased his investment property, but I did want to point out though that remote closings in Florida are actually quite common now and I know of investors who have closed without ever coming to the U.S. to view the property.

This involves upgrades to common areas, amenities, and unit interiors, which can be expensive.

. - Downtown location, near restaurants and a 3 min walk to train station- Only 2 off street parking spots, street is permit parking only but there is free parking down the street- Units have just been completely renovated- The city does not have any ordinances against short term rentalsThe biggest hurdles for me are: we're about to go into a slump/down season; potential parking issues; and if one of the other units were rented long term - dealing with the hassles related to that.

The issue will hopefully be cleared up before you want to sell, but you're taking on the risk that it won't be.For these reason, I'd pursue the ADU, maybe pursue the addition, and ditch the JADU idea.

Hi Pablo, Lots of people in Tulsa County having the same issues.

They stop paying and now you have a bigger issue on your hands.Are you saying these tenants have been in these units since the 70s or are you assuming?

It's a state licensing issue most likely for the agent/agency.

Most of them won't issue the loan if its a small amount though so be mindful of that. 

I have three separate tenants, each renting room + common areas (2 of the tenants are friends) in a single family home.

BP sometimes cuts my messages short because I use a cut/paste for common questions.Check out File Place: https://www.biggerpockets.com/...The link is located in the footer of every page on the left side.