Most people who buy 2+1 and think they can use the third and get busted on that, end up renting the bonus unit to the top or bottom unit as extra space, but that is a loss on what would be unit rent by more than half.

Again, the BiggerPockets store has some books on this topic, or you can learn about it by watching podcasts, reading blogs, and interacting on the forum.

I host a podcast where I break down all of the investment zip codes in Memphis based on my personal investment experience and pricing numbers from Chandler Reports.

The podcasts are a great source of information but lean on these forums whenever you have questions.

With a C-corp, you must pay a flat 21% income tax rate on your net taxable business income.

Use a non-abrasive scrubber or dish soap to clean the cooktop, and consider using a scraper for any stubborn, burnt-on stains—just be careful to avoid scratching the surface.

Depending on these regulations, you might need to maintain a means of exit from the basement unit, such as a separate entrance to the outside, or ensure that the stairs remain accessible but secure.

Good luck on your journey.

Engaging with online communities such as BiggerPockets can also help you learn from experienced investors and explore different strategies.

Like many real estate projects, we expect her to bring:- Joy- Wonder- Tears- Unexpected Costs- Anxiety- FulfillmentExcited to embark on this ultimate life project and grateful for all the support as we “build” our family!