Not only that but cost per foot numbers usually don't include soft costs (permits, plans, engineering, etc.).

That will tell you whether the conversion was permitted or not without tipping off the locals.

If he's ok with it, see if the permits board will waive the plans requirement.

Normally, one pay or quit, posted the very first time they try to pay late willl straighten up the rent issue and they will pay from that point on.Your rental agrement should state how many cars are permitted.

Space here does not permit all I can share so keep your eyes peeled for my book.

The LLC has no bearing unless your bank permitted the transfer to the LLC and in this case your Fed ID no becomes the reportable number.

The update is:I called corps of engineers about the wetlands(50) acres .I cant do anything with it and even if I could it would cost me a lot in permits and if I used 8 acres I would have to replace 2 to 1 Id have to buy 16 acres and make into wetlands.Then I would have to deal with state and county regs.I had know right of way to dev the 2 good acres.So I moved on to finding other deals .TimHave a great day

I thought that was not permitted and you could only pay the closing costs.

This property has encroachment issues and overhangs on the next property over, the water heaters are broke, the roof is in complete disrepair, there is VISIBLE mold in the basement, it's a 4 unit by the town, but a 5 unit inside (can't get occupancy permit) - has a waterline that runs underneath it to the next property and provides the next property that is REO owned for 2+ years, and the repair estimates are $170,000, so that drive by bpo for $330,000 just went down to an actual value of $130,000 but if you only comp it based on units and size you'll never understand why $330,000 is not an accurate price.So, yes, I'm providing VALUABLE information to any BPO agent.

If someone goes out to see it and they realize its a 4+3 that would be considered a plus, depending on weather its permitted or not...