We don't want the shed there but we dont want to let her in or anyone from her side after she sent us profanity filled text messages when we very courteously gave her details of the damaged we saw on property.

Just had a deal offered to me and though I don’t have the details yet, i am wondering what documents I should request from the owner.

@Mark Doty Be mindful that if you intend to bundle the funds needed to add the additional units into a conventional mortgage loan lenders may require you to have building plans, detailed budgets and permits etc.

@Kevin Hunter yes I would like to go in morw detail with you.

@Shea Nelson- I am shooting you a PM now, would be glad to talk in more detail and see if we can work together

@Tim Swierczek Thanks for the note, and I will definitely message you as we get closer to figuring out more details.   

More details to come soon. 

Conventional Loan$200,000 (purchase price)x20% (down payment) =$40,000 down.FHA Loan$200,000 (purchase price)x3.5% (down payment) =$7,000 down.If PMI is 1% of purchase price, thats $166/month or $2,000/year.So, you can save $33,000 on a down payment but have to  pay an extra $166 a month in PMI. 16 1/2 years later, you will have paid $33,000 in PMI.

The IRS Cost Segregation Audit Techniques Guide, that is ;)Better to have it done right using a forensic detailed methodology so you get the maximum allowable benefit without overstating or understating.

Plumbing and electrical changes have been made where needed as well as boiler and water heater updates to accommodate the extra tenants.