It's easier to reward them with a newer and fancier fridge and everyone remains happy!

These nonconforming situations have a right to remain and be used as they were constructed."

If rent remains unpaid after 7 days I immediately start the eviction process.

I've had tenants remaining in place this way for many years...one is at almost 7 years right now....all month-to-month after a 1 year term.

Thanks Chris, the layout is rather irrelevant to the issues of title, easements, remaining lots available, value, regulatory controls, etc.

There may be some restrictions, however, this should be investigated;My answer would be to consult a tax accountant to get an answer specific to your circumstances.Additionally, I have been in the Computer Field for many years and moved several times for Jobs and if you have "Good Credit" and you remain in the same field then you will certainly be able to find a bank that will give you a home loan.

With that said, I see both pro's and con's of playing in an inflated NY market versus using my current connections in a smaller (less lucrative?)

The benefit is receiving future dollars with less value due to inflation.

You have to creatively structure deals to squeeze out cash flow these days in the big cities where prices are inflated.

But I'm saving an amount that is almost the before tax amount of what I'd pay someone, because due to the fact that I'd have to depreciate the expense over a few decades, much of the tax value of the deduction from hiring someone to do the addition will be eroded by inflation.