But the previous owner only collected cash so we didn’t have an income to draw off of for appraisal.

Hi Community, Requesting help form all East Bay, California builder/investors experienced with an ADU (Additional dwelling Unit) build.  

My wife, Brooke Pantlik, manages our 3 rental properties and 4 additional STRs.We are looking to branch out into the multifamily space and are looking for potential partners.Outside of real estate, I enjoy going to the gym, fishing and duck hunting.Excited to learn and connect with you all!

LLC can be added as Additional insured party.

If you're seeking a reliable income stream, consider checking out Cleveland.

I'm in a final round with a company but steady income has not been secured yet so if I could at least cash flow that would really help me stay afloat for the time being.Obviously I could market the unit as-is and potentially rent to someone but won't likely be able to rent to a section 8 tenant which I was hoping for down the line.I was considering starting off with 3-month leases with auto renew and I have been VERY clear with him that if he is unwilling to pay on time that I still am treating this as a business and am not afraid to evict him.

I inadvertently restricted who could reply....so that not even I could reply to my own post.)Debt to Income ratio limits exist for a reason: you are over leveraged.

I just need to run 1 report and I can see income/expense by property and LLC

A few additional context that may make this a bit more complicated:- ideally the 1031 exchange that I do will then add my wife to the picture with the trust that we have established (however it's easier to do)- the property was previously used as our primary property, but is now a rental property for at least 4-5 years- an alternative is the sibling is open to gift annually up to the gift limit so that we own the property outright prior to the exchange, but that will take quite a few more yearsThank you!

I guess the worse case scenario is converting the STR to MTR/LTR if I cannot get enough income to sustain the business.