Are you planning to purchase the home in this age restricted park or pass?

If you were to do that how are there restrictions on what you do with the money?

Possibly doing an Llc assignment.Is there a deed restriction preventing a double closing?

If I had lots of apartments nearby, I'd advertise large fenced backyard, well-trained family dogs considered, breed restrictions in place but no weight limits, and just plan on replacing the flooring with more pet-friendly material later on as you're likely to have this issue at every turnover.

The utility of the property is always governed by the deed restrictions enforced by the Association.

Even if you do all the work of slapping up some walls and a door, appraisers are pretty restricted these days and may not add much value to your property for what amounts to a utility water closet.Just a few things to consider...a 3/2 with 3 functional bedrooms and 2 functional bathrooms is typically worth a lot more than a 3/2ish with an attic bedroom and bathroom in the basement.I'd try to avoid making valueless updates to your house just so you can borrow more money against it.

I'd document this in writing and probably cc each party.Her lease probably has a restriction on subleasing but why not allow her to break the lease since you want her out anyway? 

Rules of the condos that may restrict renting, pets, outside changes to the unit including dish tv antennas, propane tanks, trash cans, etc.2. 

On average, your total expenses (with reserves, which are restricted cash) over periods longer than one month will average about 50%, +/- maybe 10%.

FO factors are dealing with the property itself, poor fool plan, like a 7' ceilings upstairs, bedroom or only bathroom off a kitchen or living room, an attached garage not having a door leading into the house, an excessive utility easement that restricts the use of a significant part of the backyard will have a negative influence on value.