I have seen some homes that have literally added a "box" on the back that contains a new "master suite" effectively converting the home into a 3/2.

If it's a buy and hold over a long term, it may not be such an issue but availability to financing effects your exit strategy. :)

Not sure how it would effect taxes or evictions.

It has allowed me effectively manage my time and pulls in a large number of tenants.

Getting more.Charisma Myth.The 5 Elements of Effective Thinking.

It would be great to pair pictures for before and after effect.

I'm not in any bind whatsoever but was just thinking if I could effectively lower the payment by a few hundred every month, that wouldn't be a bad thing.Opinions?

I am trying to find my first rental but in order for it work it has to meet seemingly impossible criteria.Here is what I am looking for:SFR, 1600-2000sqf, 3bdr, 2+bth, 2 car garage, built after 1985.Location: Midcities area of DFW (Dallas-Fort Worth).These houses are listed between $110K and $130K and rented for $1200-1600/mo depending on the area.However, once I calculate effective cash flow after all expanses are paid, my total purchase price must be at least 30% less than the list price.I asked several listing agents if the seller would lower the price but response was always the same: "we already have multiple offers".

LLCs are generally pass through entities that have no effect at all on taxes.

When a large drop hits the ripple effects shoot way out.Whether it will happen or not for sure is a percentage play based on where it is in the process and how it needs to be funded for it to be a go.Probably have heard of it if you mention it here.