This makes your permit process much faster and reduces requirements for things like solar.With that in mind, whether you convert the garage into an ADU or build a 2nd story on top for an ADU, you might be tearing down and rebuilding either way.

This was golden, because having approved permits reduced his build time tremendously and the deal was located where profit margins are high.

If you just charged her for the part of the bills you have after you collect rent, you're setting a precedent that she gets a free or greatly reduced ride because of what you do and she will grow to expect that across everything in the future.

Quote from @Donovan Hazelton: Pass...ROI isn't high enough (12%+)I can get to 14.97% ROI by offering $7500 less in purchase price and reducing renovations by $5000.

I finally figured out how to tag people still pretty new on here so getting used to everything but IMO I would look into having them all separate to reduce the risk.

In reality it doesn't matter how the platforms split the fees between the guests and the hosts, ALL of the fees come out of the guests pockets and reduce the income to the hosts.

On the other hand, if the value of the property were to decrease, this could potentially reduce the profits you would receive upon the sale of the property.Ultimately, the decision of whether to sell or hold onto the property as a rental will depend on your personal financial situation and your long-term goals.

It's cheap to get into, gives you three units as rentals and one to live in, pays for itself, gives you three renters to accelerate learning how to Landlord, reduces the risk of 100% vacancy, etc.1.

(especially Montreal/Laval)Here is a bit of background, my partner and I have been looking for our first property (single-family) and due to the pandemic lockdown being slowly lifted there has been a surge of demand for houses in our target neighborhood.We are looking for a place that needs work and this hasn't seemed to reduce the competition in the area, the last two properties we went to see had 3-4 other offers by other DIY investors like myself willing to pay (almost) top dollar for properties needing lots of rehab.

All that BP binging has returned 10 fold.Hope your better half will pursue PM; there's a process the guys @ 'RentPrep for Landlords' suggest in their podcast #209 that may help reduce excess calls.