You want to feel confident that in the way the lender determines value, that the addition of the garage will increase value with their methods?

Hi All,I came across a 5-plex that is zone as R5 and the seller is saying that there is a potential to add 1 additional unit making it into a 6 unit complex.

There's a ton of articles out there about additional lease addendum's you need to have which are not covered in a standard lease. 

Hey all, I am considering a 4000 sqft 2 family house with a full basement that I am looking to turn into an additional legal unit.

On most of our rehabs, we add SQFT with an addition or by closing in a garage or carport (perfect example here: https://www.biggerpockets.com/forums/311/topics/55...).

And by all means check out the PM, because that element is going to be critical to your long term success on the investment. 

Honestly, it's been a great property to own so far (I know the time is limited)  and the current tenants, on top of paying their own utilities, handle a lot of their own maintenance, too.As an investor I'm in full acquisition mode and looking to acquire additional properties, deal permitting, and scale up swiftly. 

These are professionals with additional training and a stricter code of ethics.

@Jared F.You should consult an attorney when it comes to asset protection.A couple questions you want to ask the syndicator is how the entity is structured.If the entity is structured as an LP or an LLC - you are likely a non-managing member or a limited partner.So the question you would then ask the attorney is if you have additional protection investing as a limited partner/non-managing member in your individual names or as an LLC.I have seen individuals invest hundreds of thousands of dollars in syndicated deals.

Additionally I would tell them that since they are good tenants they can stay at your new rental rate, what ever your usually annual increase is, and that they will continue on a M2M since they are such great tenants.