A couple of problems with this: The seller is asking for a price that includes what the property could potentially do, not based on actual.

@Jaryn PiersonDid you purchase and sale include the design?

Actual cash value is not as good)ContentsLoss of Rents  (a percent of the bldg coverage is normally included.  

You would include this in a lease agreement with your guest. 

I'm in my 70s living on social security income plus the small property payments I'm getting on the house.

Hi, I am in the position to buy a single family historic home with an ADU in the back that currently has a tenant in it paying $1600 a month including utilities.The home has 3 beds and 1 bath  and needs some light work such as floors including leveling of one bedroom where the floor is dipping, a few windows, stair repair, painting  and landscaping as it sits on a 7000sqft lot.

What's more, an increasing number of routes and airlines, including Delta, Spirit, American Airlines, United, Air Canada, apart from the ones currently operating, have announced their plans to fly into Tulum's new international airport.

@Adam M.Typically a new entity is formed to own it and that entity is owned by the two gpsIn this day someone who invests in a syndication and is passive will say they own 1,000 doors because they want to sound bigger than they are.Anyone can say whatever they want one social media and people will believe itSaw a post from a guru saying they own several thousand homes - I can pretty much guarantee you they do not.

The list of restrictions for each includes front, side, and rear yard setbacks, limits on the percentage of the lot that can be covered by the building, required parking, etc.If you want to put a duplex in a single family area, you may be able to do so - but first you'll need to get the property rezoned to permit that use.

We currently have the below "bad debt" positions:Student loans - 50k (6%)Car loan - 29k (7.09%)2nd lien (current primary home) - 80k (6.08%)401k loan - 30k (9% - paid to yourself)401k loan - 20k (9.25% paid to yourself)Household income of 267k (not including bonus), roughly 100k cash currently and save around 6k a month not including yearly bonus's (33k + 14k = 47k net/yr) + 72k/yr (6k/mo x12) savings = 119k total net savings per year (rough estimate not including current rental)Should we pay off existing debt with the exception of our home loans (not including 2nd lien) or invest in a 250k townhome* that can rent anywhere from $2,000-$2,750/mo?