If the house is older than 15 years old and n ADU is added, it can become rent controlled.

I would suggest that you make the payments on your mortgage yourself and just using the processor for the wrap note I know this is a really old thread, but I just messaged you.

The first house that I bought was 17 years old, 3 br, 1.5 bath, brick ranch house with hardwood floors, Andersen windows, ceramic tile baths, gas heat and a brand new roof. 

So I told the old owner I will trade you the house and landbank the loan..

For the sake of thoroughness, his job at Mutual of Omaha corroborated on his LinkedIn profile and FINRA; and at the time of his December, 2017 offense he was 50 and the background shows he is 57 years old.

Give them enough pressure, heat, or attention and the charming melts right off and your left with the rotten core.

@Sebastian NadalWelcome to the exciting world of Real Estate Investing.

Once an LLC is in the situation, it is a whole new world. 

If I ended up getting only the gas furnace, it was going to be 10k but both the gas furnace and AC were 18+yrs old and at the end of their life cycle.

We are both 28 years old with zero experience prior to getting involved, she works for the business now and I work Blue Collar in the trades.