We've added a new safety precaution for those who click the link in our emails to double confirm.

The wife and I's game plan is to find a turnkey SFH and that we can do a little rehabbing/upgrading to, adding value over the course of 1-2 years.

Its a disclaimer paragraph added to Form 10492 which is a Notice of Federal Taxes Due that's sent out to fiduciaries.

I've done this same scenario a few times, added a bathroom to a second floor bedroom to make it a "master suite".

I would then make sure that if the units were added later, were they built before the change in parking requirements went into effect?

Even after adding 10% for repairs, maintenace, and reserves puts this property at 45.7% - I would still be very happy with this outcome.To dumb down the wishful thinking (and numbers) I reassessed with operating expenses at 50%:NOI: $18,630Mortgage 30 yr @ 5%: $10,307Net Income: $8,323 $2774/Unit ($231/Unit per month)Even with operating expenses at 50%, this property seems to be a cashflowing cow.

The house needed a new kitchen and mechanicals but we ended up putting 70k in (mostly personal choices not really geared at adding value) so we completed it in September and we all in for $395k - well we got the appraisal back today for $575k and are ecstatic.

With this approach it is very important to set a before rehab price that leaves room for added value.

Life has enough surprises without adding more on what you thing is a great dealBest of luck

Damaged a watermelon plant that my husband was growing with care for 2 months (stepped on it) by trespassing the easement boundaries (the watermelon plant was OUTSIDE of the easement area).2.