If his business occupies 51% or more of the space in the building, then SBA is most likely the best option for this, and it's possible to do 10%.

I do have a dream of being some kind of real estate mogul though, ha...This entire idea of selling this QC home has stemmed from the fact that my husband is now 100% remote in IT and the house has no dedicated office space.

It has almost 3200 sq ft of space.

What if they closed it down and you couldn't rent either space until converting it back to a single?

For those that might holler about liability protection:  we have kept them leveraged with cash-outs, have a substantial umbrella policy in place, and very simply we just make sure we keep the properties maintained and are good operators with happy residents.We are now transitioning into a more commercial space and plan to roll out that LLC structure.  

Could be those past bills were estimates and you now have an actual reading that “catches up” on past bills that were too low.Another thing is tenants running extension cords from hallway receptacles to run space heaters inside their units.If you have radiators, you want to keep heat on so that they do not have any potential for freezing up, but you don’t have to keep the temperature higher than say 60F.

Got a good group together in Connecticut. " style="-webkit-font-smoothing: antialiased; margin: 0px; padding: 0px; border: 0px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-weight: 400; font-stretch: inherit; font-size: 1rem; line-height: 22px; font-family: "open sans", sans-serif; vertical-align: baseline; position: relative; overflow: hidden; color: rgb(52, 65, 77); letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; height: 888px;">Update time on previous threads, mainly as accountability for all y'all CT real estate folks.

I know its tight with 1 bathroom.

I'm sure it might work for some folks, but for security/liability concerns with a bunch of diffrent guests all in a shared space I wouldn't want to deal with that.Mike

@Marilynne Poumele-FloresCongratulations and making the mental shift to creating wealth in the real estate space.