Any costs directly associated with building the basement apartment, such as separate entrances, kitchen installations, and bathroom fixtures, can be directly allocated to the rental portion. 

Yes, lenders want to see a written lease agreement, and in some cases, a year term (not month-to-month). 2.

We pay $2K month credit card debt (used to set-up the STR’s) get $5K from Social Security, leaving $3K to live on.

You will have to get permits and disclose your contractor ...AB 968 requires the seller of a singlefamily residential property to disclose work done on the property, if the seller obtained title of the property within the previous 18 months.

@Daniel Mendez As much as possible.If we do a holding agreement to take the unit off the market we try to get them to pay the first month rent and any other move in costs other than the security deposit, which they pay at lease signing. 

We pay $110 per month for routine maintenance. 

We have a group right now of about 15-20 that meet monthly (lately less with going into summer).

Most of those lines of credit start with 12-18 months of 0% APR, and the idea is that you can just apply for new cards once that introductory period is up. 

I'm looking to see what everyones workflows are for each month.  

If you haven't visited one of our 2 monthly BP meetups, we'd love to meet you and hear your story.