Quote from @Wade Penner: Your lease specifically states they must give 30 days notice to end a fixed-term lease.You generously offered to let them continue on a month-to-month.

Hello everyone I wanted to ask here, In the state of California what can make a bedroom legal, what type of requirements do you need to meet?

Original asking was $145K but since the condition was not good we offered $125K and landed in the middle.

Here are some specifics:Purchase price: $955KSeller Finance offer: 20% ($190K)Reno cost: $90K Ideally we would like to do a Morby Method where we purchase the home via conventional mortgage or hard money lender and on the back end have the seller lend us the $190K with a second position lien on the property and a 5-year payback.

There are lenders that offer helocs / second mortgages on investment properties. 

I’m not familiar with “hard” money, do you offer standard foldable money?

If our tenants work outside during the day and our handyman has to spend few days to come to fix the carpet and floor, the tenants ask us if we can give them rental deduction to make up the working hours, how much rental dections should we offer them?

Converting your single-family home into a rental property involves several considerations to protect yourself and ensure smooth operations: Establish an LLC:Liability Protection: Holding the rental property in an LLC can protect your personal assets from potential lawsuits related to the property.Tax Benefits: An LLC can offer tax advantages, such as pass-through taxation, where rental income is taxed at your individual income tax rate.Insurance:Landlord Insurance: Ensures coverage for property damage, liability claims, and loss of rental income.Umbrella Policy: Provides additional liability coverage beyond your landlord insurance, offering extra protection.Deductions:Mortgage Interest and Property Taxes: Continue to deduct these expenses.Depreciation: Depreciate the cost of the property over 27.5 years, excluding the land value.Maintenance and Repairs: Deduct costs related to maintaining the property.Property Management Fees: Deduct fees paid to the property manager.Filing Taxes:Schedule E: Report rental income and expenses on Schedule E of your tax return.Separate Accounts: Maintain separate bank accounts for rental income and expenses to simplify bookkeeping.Lease Agreement:Solid Lease Terms: Ensure your lease agreement is thorough, covering rent amount, due date, late fees, maintenance responsibilities, and eviction terms.Legal Review: Have the lease agreement reviewed by a real estate attorney to ensure compliance with local laws.Tenant Screening:Background Checks: Perform credit, criminal, and eviction history checks on prospective tenants.References: Contact previous landlords and employers for references.Property Management:Regular Inspections: Schedule regular property inspections to ensure it's being maintained properly.Maintenance Fund: Set aside a reserve fund for unexpected repairs and maintenance.Moving Out of State:Communication: Maintain open communication with your property manager.

I am currently on an H2B non-immigrant work visa in the hospitality sector and am legally not allowed to have another job other than what is stated on my visa/petition. 

The increase in value to have a legal quad has been well worth the additional annual fees.As for the mail, put out four boxes aligned to the units in the leases.