I think it hurts them more than it helps!

To the best of my knowledge, and I am not an appraiser so I would recommend you verify this, but I have been of the understanding that there are 3 main requirements that classify a bedroom, a bedroom.

Most STR owners with multiple LLCs use their PMS and then create their own spreadsheets.

What tips or strategies can I offer to help him finally close a deal?

From my findings, the two subdivided lots would comply with the requirements provided by the county:The minimum lot size is 1 acreThe minimum lot width is 135 feetThe front building setback is 60 feetThe side building setback is 20 feet (for corner lots it is 30 feet on the street side)The rear building setback is 60 feet

I purchased a duplex in May of this year and moved into the bottom unit with the intention of renting the top unit as well as the sf I moved out of which would put me in positive cashflow (the top unit of the duplex does not cover the duplex mortgage entirely on its own). 

Texas is one of the top states for house flipping, but it comes with challenges like fluctuating property values and renovation costs.

Let’s help each other achieve a more secure retirement!

We have agreed on a buyout price of $100K (initial investment) but he also wants me to pay all closing costs which was quoted $22K - That seems really high so seeing if this is accurate?

*This post does not create an attorney-client or CPA-client relationship.