I plan on raising their rents and signing a year or finding new ones. 3.

Get signed contract from buyer and you.

@Cameron Belknap FHA loan rules in HUD 4000.1 mention not counting the basement as part of the Gross Living Area; however, part of the FHA requirements found in HUD 4000.1 includes a section on “converted spaces” which states:“The Appraiser must treat room additions and garage conversions as part of the GLA of the dwelling, provided that the addition or conversion space…is accessible from the interior of the main dwelling in a functional manner; has a permanent and sufficient heat source… and was built in keeping with the design, appeal, and quality of construction of the main dwelling.”Furthermore,“The Appraiser must analyze and report differences in functional utility when selecting comparable properties of similar total GLA that do not include converted living space.

Hi BPers,I have two questions related to a property I own in PA, which I'd really appreciate some input on:1) The tenant signed a lease with the prior owner (who I bought the place from).

. :) (1) "These" and "live" meaning actual fully ratified seller-signed (in writing, not verbal) purchase contracts, without which it's all academic. 

I am going though a similar situation now and I will be giving 3 of my tenants notice that in 6 months I will be signing new, 1yr leases with them (all m2m now) for $75 more per month.

With self-directed IRA the sky is the limit.Of course you must be aware of the IRS prohibited transactions and be sure to stay away from those:https://www.irs.gov/retirement-plans/plan-particip...Selecting appropriate investment option depends on many different factors such as your age and investment horizon, your risk tolerance, investment experience, etc.

Most have some clause regarding who (as a guest) is allowed to stay and for how long.If the roommate wants to stay, they need to sign a lease addendum.

Get a competent real estate attorney to look over any deal before you even THINK about signing.

Or you can put it in a balanced portfolio of investments that you select, with or without a paid financial adviser.