That way, if you have any damages or patches in the future it's easy to deal with.

Also, when it does rain hard there is some water that leaks into the basement, but in both units there is a properly working floor drain and nothing is down there to get damaged. 

Landlords fair best when they charge for damages as they occur or as they are discovered.

I think one thing to look at in these calculations is with those lower end rentals turn over happens yearly or on average of every 18 months.. so ask your PM if there is a re leasing fee of one month and you 9 times out of ten will need to turn a turn over and that causes you a month of vacancy as well. 

You will want to negotiate a move-out plan that will be the least stressful and most efficient for all parties involved.If you want the renter out because they're a really bad tenant (not paying rent, causing property damage, disrespectful, and/or dangerous), then do so as quickly as you can, with the help of legal counsel.

hi everyone,my name is Antonio M. i am from NYC. i have always been very interested in starting a career in REI. i currently work for a major insurance company doing auto damage assessment in NYC. my wife and I currently own a 2 family home. i joined this site bc i want to soak up as much information as possible. my wife and I have comfortable decently paying jobs but we are a bit burdened with college loans...our current goal is to pay off all debt so we can focus all our money into purchasing cash flow producing real estate. i hope to learn much from all of you here and soon start setting up a good future for my 19month old son. if you could take a look at my first post it would be great. https://www.biggerpockets.com/forums/12/topics/608311-newbie-have-idea-of-using-heloc-to-supercharge-my-rei-start

Which, I'm pretty sure is causing the first floor unit to be even more humid on warm days than it should be.

Cause they will pull your credit score so you need to have a semi decent credit, also they will want % down, you will probably have to declare how much income you have per year and they usually like to see 2 years of stable employment This is for a regular conventional loan

if you purchase with an unsecured Line of Credit it will cause some challenges with a traditional refinance. 

Hi @Reese Davis - In most situations, having a second mortgage will not cause problems when you sell your home.