If you were to subsequently cash out the new four for 4 more, you'd still only be 70% leveraged.So I vote for option 1.

There is a sliding scale fee but I am sure the fee is much cheaper than you would pay your own lawyer.http://hapcoassoc.com/

The insurance company should not be able to deny any subsequent claim on that converted garage, as you were not the one who "built" it, and you could claim that at the time of purchase you were unaware of this issue (unless you were notified in writing on the seller's disclosure form) but it wouldn't hurt to try to hire either a structural engineer or someone from the county to inspect to ensure that it meet's building code.

The is a deed restriction and would also apply to any subsequent seller during the 90 days

However, I just found out one of the tenants who was on a month to month lease will be moving out September 1st (our move in date).So the question is:Do we use this opportunity to upgrade that unit which would include adding a sliding glass door in the kitchen, removing the wall separating the kitchen and living room, and tiling bathroom floors?

I am reading the book 30-day stay around the Medium Term Rental strategy right now and a great hack they mentioned was converting the primary suite into it's own unit if it has a separate entry via a sliding door, etc..

If you let somebody slide once, it will happen again.I don't insist that tenants are non-smokers, because there's no way to control what they do outside, and they'll tell you they don't smoke if they think it will result in not getting the rental.

Once the auth is in place for $10k, the lender can still capture that amount regardless of any subsequent changes to the account, including a credit line decrease, so long as the auth is still active.

If you're willing to go after value-add deals, you could do a bit better and maybe even get your capital back after a few years to do subsequent deals.If you want something truly passive, you can consider investing in syndications.

Hi Account Closed, You can sell your relinquished property under your individual name (no quit claim deed required) and subsequently acquire your replacement property under the new LLC as long as the new LLC is a single member limited liability company, you are the sole member of the new LLC, and the new LLC is treated as a disregarded entity for tax purposes.