i'm a 'tropical islander' at heart and apparently it shows thru and thru cuz the local latinos tend to often tell me i must be from somewhere 'tropical' and at the same time i often getting asked if i'm japanese or part japanese. but for now i'm luvin socal, and i wouldnt say the LAC market is bad, just its soo comparatively premium priced across the board, even entry level bargains (i posted a thread on BP encompassing yesterday somewhere encompassing LA market) and the inventory is piling up due to sellers affected by the hyperinflation of the US dollar against imported Chinese Japanese and Korean funds galore!

This protection is designed to kick in when the liability on these other policies has been exhausted.Provides coverage for claims that may be excluded by other liability policies including: false arrest, libel, slander, and liability coverage on rental units you own.I just paid my premium recently - it as $118/annually for $1 million in coverage.

The don't bounce and the wood is in good condition.

. ($3) Note, if you have no curtain rods, the tenant will nail up their own and may nail into your nice wood casing!

The whole place has the old wood paneling on the inside and metal siding on the outside.

@David Cohen In my neck of the woods, the best evidence for a lowered property tax value is going to be either 1) a recent arms length sale, or 2) a recent appraisal with testimony from the licensed appraiser.They typically count the previous two years as "recent" but the law on that likely varies from state to state.Tim

Consider the liabilities that you are accepting as his employer..... driving around while on the clock, drunk, hits somebody...... gets hurt on the job, giant increase in WC premium for a long, long, long time...... damages products or materials during installation, guess who gets to pay for them and can't deduct them legally from his pay check...... you run out of work, he collects unemployment...These may be worst case situations, but they still exist and lets not forget incentives to being productive... hourly employees have little financial incentive to being productive, it basically comes down to a combination of a mixture fear of losing a job, how much they can get away with and of course their work ethic.What all this means is that unless there is huge gain for you somewhere beyond just a couple of thousand dollars over a year there is no way you will offset these issues, there would need to be some very large gains, possibly non-financial to warrant hiring this guy versus paying him as a 1099.

@Mike Wood for the existing bath.

Or would the premiums associated with seller financing likely kill any profit that comes from a lease option?

Ensure the poly is caulked around the edges to the concrete as far up the concrete as possible but not onto any wood!