I'll check with some lenders - but based on my research on the internet - it seems everything is up to the appraiser to deem it as a accessory unit vs. an accessory dwelling vs. a second unit (i seems it might depend on whether there are separate utilities)FWIW: I checked with the town and the apt has a CO - can I assume that it is indeed a legally inhabitable and rentable apt?

Then you establish the lease option with them giving you control to find a tenant to lease option it from you.

If all else fails, you could consider utilizing a skip trace service such as TLO.com or accurintOnce you have their information, reach and out touch them with a marketing piece or phone call.

Been reading the books and dragging my feet for years while I established my professional career (love it, not looking to leave, just supplement).So I live in a nice college town where occupancy rates are high and the leases run 12 mos. and I'm ready to get into the game.

Structure New Agreements to honor existing agreements, Establish New " Floors" where no agreement exists,develope your strategy for legal removal of undesirables 3.

Even if you go to 55% expenses due to the utilities being included, NOI of 12,960.

I also utilized other free resources such as the local library, blogs, and free online classes.

The land of a vacant mobile home pad is worth $0.The 60x (off city utilities) and 70x (on city utilities) multipliers of monthly rent are correct.The correct way to value a MHP is the lot rent multiple, plus the FMV for the individual mobile homes (not a multiple of their rent). 1970s 'beater' MHs might be worth $1,000 - $2,000. 2000-and-newer MHs might be worth $20,000 - $25,000.

We just built a spec house on a lot that we bought for $175k (which included permits, utilities were at the property as there had been a home there that had burned down) We built a 2350 sq. ft. house and sold if for $675,000.

Here’s what we’re confused about:1)Should we shoot for establishing an LLC (or other type of partnership) first, and then get financing through it?