However, given that a sandwhich lease is essentially skimming, I thought I would mention a strategy to introduce the sublease verbiage.

The major renovation issue is the upstairs master bedroom had the drywall and electrical ripped out by a previous tenant, it's essentially a clean slate.

Renting by room is essentially how off campus college housing landlords do it.

If the latter, this will mean essentially that you will be paying for the lien settlement.Only you can answer whether or not it is worth going down that road, but I can honestly say it is not for many of us investors especially when you can probably buy for a deeper discount as a foreclosure.

Essentially, if the bank ever calls you on that loan, you will have to pay the full balance or they will foreclose on the property.1) either deed it properly and don't quit claim it2) have enough cash reserves "just in case" you get called on it, and move it in to your LLCinvestment conventional conforming loans are few and far between (if they even exist this day in age)i've gone with option #2.

Rent credit is the part that confuses me when talking about an existing tenant - do I "raise" her rent by including a ~$200 credit, or keep it the same and essentially take a $200/mo hit if she ends up exercising the option.Thanks!

Some existing content on IPad:http://www.biggerpockets.com/forums/80/topics/54667-hot-off-the-ipad-apps-i-m-using-for-rehttp://www.biggerpockets.com/forums/80/topics/48327-how-will-the-ipad-change-the-real-estate-business-http://www.biggerpockets.com/blogs/939/blog_posts/6737-iphone-and-ipad-apps-for-real-estatehttp://www.biggerpockets.com/links/2660-5-ways-ipad-will-reinvent-real-estate-for-agentshttp://www.biggerpockets.com/links/3000-are-you-ready-for-the-ipad-http://www.biggerpockets.com/renewsblog/2010/06/06/4-essential-tech-tools-for-real-estate-professionals/

Since its essentially free to send spam, if you send out a gazillion and get a customer or two, its worth it.

Long story short, I've read on multiple occasions, that turbulence has never brought down a modern airliner...while it may be uncomfortable and scary, the risk of a plane crashing due to turbulence is essentially zero.2.

He would be doing the job in his personal time and would want to be paid under the table essentially.