If you split a 1br into a 2br, there is a risk 1br renters will see it as too small for a bedroom (since you can't cut a bed in half), and 2br renters will be able to rent a true 2br for slightly more so they too will see it as too small.

Depending on your individual tax bracket/rate this should save you money after all numbers are crunched, factoring in the amount of interest you pay as this is, obviously, a true cost.This of course also means that you, during the phase of paying off these mortgages quickly, will have less cash in your account.

Hello, and thanks for taking the time to read this.I am 35 years old, happily married with 2 beautiful children.

(I was told I needed to be a licensed contractor in order to even buy this, but I've since been told that's not true.)Any other tips re: ways to avoid taking on liability for worker injuries for knowingly or unknowlingly uninsured workers?

I don't think that is true.  

Yes, multi units will have lower maint/capex numbers, that is true for sure.

My background and upbringing is true to form for the stereotypical Wisconsinite: dairy farming.

If true, then just kick him out, just my opinion.

Originally posted by @Mike Sattem:Hello,As these homes are not your primary residences, traditional lenders will not offer HELOC's.Is this true?

True there are some metrics that calculate some "returns" as lower than some properties in the Midwest but generally California CANNOT be beat for profit.