I'm looking for any bit of information that can help me bring them the the kind of deal they want and present them a deal in a way that solves their problem.

In order to obtain the necessary permits, the owner must also file an affidavit with the local inspection department attesting that s/he is the owner of the property, that s/he will personally superintend and manage all aspects of the construction and will not delegate that duty to any unlicensed person, and the owner must be personally present for all inspections.

And folks who present pro-forma using income like that are either ignorant of the risk or else just straight shady.

You can also do a cost segregation study on the property and defer a lot of taxes. 

So is avoiding potential HOA issues, or deferred cap ex, or to get in the path of growth or appreciation.The key is that something is nagging you about that condo. 

There's no time like the present to start.

These 3 children are not related to her and she kept repeating that the present landlords treats them as "dependents".

You can charge this fee, depending on the amount of risk presented by the pet.

I receive the passive income I have been hoping for and the appreciation on the back end is similar to that of my active rentals.  .I didn't do a 1031 because I didn't want more active investments - instead I did a "Lazy 1031" where I used the cost segregation and bonus depreciation to defer and offset all of the taxes the active properties I sold. 

I am in process of buying my second home which I plan to move into.We first bought our first house in 2012 for low 200's in suburbs of Nashville TN.Now the house is worth 440k.Balance on mortgage is 162k.The second home will be a new build in 500k range.My husband makes about 85k per yr.I want to start off investing in reral estate to have a cushion for kids education and retirement.At this point,our lender mentioned that hubby will be approved for  500k mortgage at 3.125% with 10% down.Provided the present home also rents out and we have a lease of 1 yr signed.We have all this set up.He also mentioned we can look into heloc.How do we do that.I have no idea about it and dont want to do it ignorance.I also plan to buy another home for investment asap after we move into second home.I am a SAHM and will be for quite some time.Any advice?