Add a bath if it only has 1, Those are excellent ideas, but not the kind of things that will cause a house to appreciate at higher than market rate, except for the bath.

Now I have seen several to many listings that say something similar--unpermitted room, and indeed, many of the carports have been enclosed for living space.I may be doing some exterior work, and expect to pull permits.Will this unpermitted room cause me a problem?

If they've given you the proper notice and it really is a month-to-month situation there's probably little you can do (that's the whole point of month-to-month leases, allowing either party to terminate it without cause).

It could be how you are reading between the lines that is causing your confusion.

The best way to think about it is that you are trying to maximize CASH FLOW and mortgage paydown is just a nice side effect that causes you to cash flow more.One other point: the more money you pump into the property, the more money you risk losing if you ever default on the loan due to hardship expenses, high vacancy rates, or anything else that could come up to deplete your reserves.

It is not about business cards.An LLC is a tool to minimize the legals risks while not causing too many other problems.If you have nothing to lose then having an LLC is not required.

Sure enough the message was there.I then noticed that there are 4 messages there. 1 from Sunday, 1 from Monday and 2 from today.What causes a message to remain in the outbox?

Roma,I understand some of the cultural influences that are causing you think come up with such a deal structure.

You want to understand why they made the decision they made but not impose or otherwise cause them to clam up.Some will say that a customer has to say no 4 times before you will get a yes from that customer.John Corey

These are issues that cause MANY expensive lawsuits, which is why the insurance companies won't cover them.Good Luck,Mike