If you set your deposit equal to the monthly rent, you're good. 

But realize that if you live somewhere seasonal, occupancy can vary... like cold winters in Texas probably equal lower occupancy.   

You should check out the 2020 state ADU legislation, but off the top of my head I recall two ADUs for 2-4 unit properties and a max quantity of attached ADUs equal to 25% of existing units for 5+ units.

You will be be responsible for the transfer taxes equal to the assessed value, plus deed preparation fees and if there is already a loan, that adds another layer of complexity.

I get that you want to grab the bull by the horns and do your own thing, but being a limited partner in like two funds could equal 10-50 assets.

The cost of the new property covered the 1031 requirement of the value being equal or greater than the sale price of the joint property that was attributable to me (50%). - After closing as an individual buyer and completing all 1031 requirements (IMHO), I formed an LLC through my lawyer for the purpose of transferring the newly acquired property in there before I rented it out.

s, first rent of the newly created unit must be equal to the combined rent of the two previous RS units..in addition, newly created unit will still be regulated, NYS senate just passed bill S2980C..Substantial rehab is the only remaining strategy, which is not cost effective in the current market

Because yeah, they make a lot, but there spending is equally massive so NET, net is near to nothing monthly.     

The percentages should mirror most other builders as it covers 4 fiscal periods:Without including any financing expense, they are at 82% (total materials and non materials cost), which obviously makes your financing rate and project duration, vital issues to get a good hold  and control of.

If they are VERY professional, they will have their processes in writing as verification that policies are enforced equally and fairly by their entire staff.6.