We converted an existing shed to a 1 bed 1 bath apartment and now rent out the bigger house for great cash flow.

Thanks for the welcome, Kerlous!

Hi All,I am looking to convert the basement into an ADU hence I will need to interact with local authority in order to obtain the building permit.

Assuming it's written in your management agreement somewhere that states the owners are current on all financial responsibilities related to the property, does anyone require them to actually provide a current mortgage statement, HOA payment record, taxes paid, etc..... at least at the time of the original management agreement signing.Recently had a new owner sign the agreement, only to find out after we had secured a new tenant for them, that they were in financial distress to say the least (inquiring about bankruptcy) .

The zip codes here in Memphis that have the greatest appreciation will not have any cash flow.

I know there are large property management companies that manage properties everywhere, but I am curious how they overcome all the challenges of not being near the properties.

SHORT THE DOLLAR Both candidates, Trump AND Harris are inflationary... in their own way of course, but I don't care.They and the majority of congress are under a "deficits don't matter" regime.How do I short the dollar?

These companies typically charge anywhere from $200 to $500, and they take care of the Articles of Organization, EIN, and operating agreement.

@Remington Lyman can you get out ahead of the deluge coming and help out?

The plan will be to then rent out my condo.