Article about tensions between landlords wanting to start repairs before mold sets in and their tenants who have no place to go.  

Have you been putting money aside for a reserve to cover Vacancy, CapEx, and Maintenance?  

Account Closed thanks for the response I'm  unfamiliar with "subject to" I'd love more details about it tho I wasn't aware of another route aside from a loan in buying property 

In regard to the second one, some sellers want to be there, some sellers want to field the calls for showings, some sellers can't stay out of the business and don't think their agent is ever doing enough.If you got your license to invest and you have two sets of owners desperate to sell, the question is: did you acquire both of these properties at a price that works for you and solves the owner's problems?

The properties will be delivered vacant in case it matters.Another question - aside from rent control, what are the current legal requirements (licensing, registration, approvals, other requirements) for the above three scenarios?  

Well you definitely sound like you will have a good skill set to get started.

Here are some good places to start:http://www.biggerpockets.com/meet - find and connect with other BP members that are in your area.http://www.biggerpockets.com/alerts - Set up keyword alerts to be notified of the topics that interest you.And, of course thehttp://www.biggerpockets.com/forums - ask any question about real estate!

HI I purchased a home in a multi unit (R4), high density zone.I am currently renting the house cash flow is just $50 after mortgage payment.This house has a big workshop in the back with a high rise ceiling, brand new roof, electricity and water.It sets in a half an acre lot so I am able to rent the workshop and land for $700 a month Total cash flow on this property is $750 a monthI'd like to enclosed this workshop (it has 3 brick walls already built) and make it into a livable place.I can still rent the land and keep the cash flow at about the same amount ($700).However there's no sewer  at this house just 2 septic tanks attached to the main house.Workshop will need:windowsanother walldoorscooling and heating systemBathroom etc...I can build build more units attached to the current workshop since there's so much land to play with but i have no idea of the cost.I purchased this home for $150k in 2016I owe 143Klast month I paid for an appraisal and the current value is at $185(flooring was the only improvement at the house).Question is should I refinance and bring in sewer line, build more units or live it the way it is?

@Filipe Pereira Thank you so much, I will look into that.Also on a side note from your other posts about potential heavy expensed utilities such as HVAC units, water heaters, dishwashers, etc., although having cash on reserve for repairs is crucial,  I would suggest purchasing a home warranty for your properties, to have a little piece of mind. 

The follow up is how it was set up in the rental agreement and what else is needed ongoing.