@chrismendoza Montclair can be a tough nut to crack, its a desirable area but taxes and the amount people are willing to pay over asking makes it tough for numbers to make sense, there are other areas that you can invest in though if youre looking for an upper middle class + tenant where the numbers make a bit more sense but don't expect huge amounts of cashflow

Also looking to turn large detached garage into tiny home or studio for renting What made you interested in investing in this type of deal?

We had a similar issue with a foundation crack.

There is a tiny space in between, which has a water heater. 

Hi Brooke,If the meter dials are spinning when all of the water is shut off there is a leak.If they are not moving then there should be no leak past the meter.If it's in the feed line to the house (in the yard or under the driveway, it may take a while to notice it at the surface).If you parked a heavy moving truck on the lawn when you moved in, or they moved out it may have cracked the line under the dirt going to the house.If the meter is spinning with the all of the house water off, you might be able to shut of the main valve and stop the flow to the meter.

And that could possibly give you leverage when putting in your offer.On the plus side I bought a tiny bit undervalue because the property was ugly. 

Closing costs - $4kInitial purchase - $64kRenovations - $15k (not in your initial purchase) There are ways to attempt to get renovations included, but there is no guarantee as Fannie Mae is cracking down on including renovation s.New appraised value - $120kLTV allowed 75% ($90k) but because you are limited to your initial purchase you can only cash out $64k (possibly the $15k as well, if it is included on the closing docs of the initial purchase and structured in a way that the underwriter accepts it)

For example:Current: Renting a tiny apartment for $150/wk utilities included-> Current cash flow = -640/moVS.House hack @170K purchase price, (say) 1000/mo rental income.

@Euta Lightsy I'm not a legal expert by any means, but the state of Hawaii has been cracking down on unpermited vacation rentals (i.e.

I find it interesting that "tiny houses" have taken off in popularity but this has yet to gain as much traction.