I would suggest to better define things, such as what is defined as a small dog.

Privilege to keep such an animal without it being considered a "pet" requires the tenant to have a qualified disability as defined by non-discrimination laws.

"Treatment of the Income (or Loss)" "If the rental income (or loss) relates to a property other than the borrower's principal residence: If the monthly qualifying rental income (as defined above) minus the full PITIA is positive, it must be added to the borrower’s total monthly income.

@John BlantonTo Ryans point above, 2.8% CD is excellent, especially if you are referring to the very short term.If you have the ability to pencil in bigger ticket items with a defined date, you could potentially do better.

I would speak to his employer and get a character/reference check from them and get physical proof of his retirement income but overall I would probably let someone like you're describing move in.

I will not walk away from any flaw in the property itself where costs are definable.1) Is it possible to get solid bids that stay in line with the budget (and appropriate margin for error/unknowns vs ARV2) Physical inspection must reveal the full scope of the issues not don't enter the dreaded "we won't know till we tear into it."

Improvements have a much greater impact on the value of your property than repairs, and they are calculated quite differently when it comes to filing your taxes.The IRS defines repairs as those that “do not add significant value to the property or extend its life.”You can deduct improvements made on your property, however, you cannot deduct the full value of the improvement in the year the improvement occurred.

There's a lot of really old house there with awesome character so a lot of people are buying and renovating there.

We will consider adding language to our Lease if something is not covered that an owner wants.What do you & the tenant define as a MoveIn Inspection?

If he lives in your house (which he does), and has possession of the premises (which he does), and if you have ever collected rent from him (which you have), then he is your resident and that is exactly how the courts will define this relationship.