The money you are putting aside from "repairs" and "cap ex" should cover any reserve accounts.The other big item you want to check is the financial health of the HOA. 

If the occupant refuses admittance, an agent of the director or of any local board of health or code enforcement agency may apply for a search warrant to permit entry. ... 

Convert the garage studio into ADU by requesting health/safety check - my interpretation of the legislation is that there is a 5-year grace period to get everything up to code as long as everything passes health/safety inspection.

I decided I was going to take him in.In late February of 2018 he came to live with me, and by August of that same year, I was officially made his Legal Guardian. 

(This is starting to be complex enough that using real, official accounting software might be a better idea.)Another thing I do on the receipt spreadsheet: when I get my bank and credit card statements at the end of the month, I go through the spreadsheet and bold all the receipt totals that are on the statements. 

No job, wife working part time, too much debt to handle, health insurance set to expire at the end of November.

., there're a lot of variables and nuance to this, so apply it to your specific circumstance:In general with university investing you are betting on the long-term health of that particular university (as well as the University system at large) and you are marrying that style of investment.

"Slumlord property" means residential rental property that has deteriorated or is in a state of disrepair and that manifests one or more of the following conditions that are a danger to the health or safety of the public:Structurally unsound exterior surfaces, roof, walls, doors, floors, stairwells, porches or railings.Lack of potable water, adequate sanitation facilities, adequate water or waste pipe connections.Hazardous electrical systems or gas connections.Lack of safe, rapid egress.Accumulation of human or animal waste, medical or biological waste, gaseous or combustible materials, dangerous or corrosive liquids, flammable or explosive materials or drug paraphernalia."

Only thing I would advise is be careful purchasing a property and allowing pst possession.Sometimes they can have time to rethink their decision and decide they no longer want to move.If you do want to buy it soon though, I would encourage you to impose some type of holdback of the money that they won't get until they are officially moved out.

If you're on title, when the time comes for you to officially take over the property as yours, you can do a refi cash-out and close in your name/LLC.