That’s great news.

One reason could be that not all appraisers consider basement space to be "general living area" (GLA), regardless of the building codes.To overcome this barrier, you can:Provide Documentation: Present the city’s approval for the egress window and any other relevant permits or certificates that show the space was done according to code.

We also use software to document/communicate out to ALL residents during the lease term in order to minimize inquiries from parents who aren't well informed.

I look forward to being able to post the same news.

They should get their attorney to draft documents for you to review such as a loan agreement.

The good news in Sandbridge is that the off-season is the best time to acquire a property out there and will give you a chance to get the property right before the next season starts. 

I'm just going to tell him to rent for the first 2 years.He doesn't have any documents, so we are the only ones that can close with them.

@Vito DiIenna I'm now in a similar situation as you are, how did you go about obtaining the necessary documentation ?

The good news is that if since it is being used for investment use, you could also qualify for a 1031 exchange and take advantage of the 121 exclusion.

Document, document, document, all of the attempts to set appointments for the repair.