Even if it wasn't officially done, it may be a legal right now.I would tell them, just because they will likely find out 1 way or another.

This could be a very dumb question with a very simple answer, but if someone could clarify for me.I've been going through numerous Notices of Tax Deed Applications to reach out to former owners of those properties.On some of the notices, next to a name it will say "EST" followed by "%" and another name.ex)Legal Title Holders:Michael Jordan EST% Dwayne WadeMy question is, what does the "EST" represent, and who is the legal former title holder?

Hey all, I recently had a showing of a legal 2 family house, soon learning that the basement unit was rented out illegally.

Here a two bedroom can legally have 6 people.

By the time I move I will not have any debt other than my mortgages.

The tenant doesn't have a choice legally. 

If you are getting a loan as a primary residence you must intend to occupy the property as your residence. if you buy and say you are buying it as your residence but the whole time you are planning to basically not live in it, that is  lying and could get you in trouble for mortgage fraud. you may not get caught, but if you do it is taken seriously, beside legal trouble lender could call the mortgage due if they found out you were lying.

Do not rely on it for legal advice.

did not read it .. but debt instruments in your IRA tend to be a better fit than owning the asset.from a practical standpoint were folks can get in a bind is they don't leave enough reserves in their SIDRA to handle cap ex or tenant trashing of a unit.. and find themselves with not enough money in the SidRA to rectify.Plus the other thing is you wasting your ability to depreciate the asset.. notes don't depreciate.. so there fore notes are generally a better safer fit.. as long as your buying quality notes.. 

You need actual hard fast numbers for:a - Existing debt  ("...could be anywhere between $100k-$120k..." is useless info)b - Rehab needed  ("...gonna need at least another 15-20k..." is also useless)c - ARV  ("The ARV is about $166k.." again, useless) d - Rent (unknown, but critical to analyze for a rental)e - taxes and insurance as a rental (unknown, but critical to analyze for a rental)f - cash you have to work withMy recommendation would be to get the above information as exact as you can...or, pass on the house.