If you have any other questions feel free to ask.I just connected with a realtor and he mentioned that my lender would be more in tune with the FHA style of things plus that renting out the basement with a single family is pretty idealistic   1st of all renting a basement in a single family house is done literally thousands upon thousand's of times a year in our market, so I don't really understand that logic, while obviously diffrent realtors have different opinions and different motives, I have found a number of realtor's seem to be stuck on strategies that worked quite well in a different market, diffrent rates profile and different time in the city, it is my personal opinion that for a variety of diffrent reason's the 3.5% down multi family route is not as effective as it once was or as other stratiges might be

Unless you can get a Base Flood elevation certificate that shows you are above the BFE it won't drop significantly.

Hi all - I bought a building at a good deal but as part of the purchase the City of Chicago is requiring me to submit plans and pay a permit fee for a basement in the commercial space that was remodeled to add a bathroom, but then cited for a city violation.

I have used a basic lease agreement through NOLO for years. 

I have been contemplating building multis as well, i figure self GC'ing i should be able to build for around $75K/unit without a basement, and Me being the HVAC, finish, cabinet, flooring ect guy. 

For our very first rental, we were looking to get a "base-hit" (Thanks Brandon Turner)...

Is there a basic contract I can use to tie up the property?

In a perfect world my plan is to buy a house every year to live in, fix up, and convert a basement/attic/garage into an ADU. 

The main things you need: on a basic level:1.

I made a good profit on a flip where I had to jack the house up and tear out and redo a basement wall.