Many investors in my area are converting SFH homes with 2 car garages into mother-in-law quarters.

Obviously if your dreams are more conservative and you want 4 properties that’s 1 per quarter.

We aim for quarterly, but for some of our properties we only inspect every six months.  

.- Mobile is home of Mardi Gras which brings in a whopping quarter-of-a-billion dollars in revenue and sends hundreds of thousands of tourists to the city each year.- Mobile has the only cancer research center along the upper gulf coast providing a wide array of medical jobs to the area.- Mobile’s low cost of living and doing business provides a desired aspect to renters that can’t be achieved elsewhere, which provides a steady influx of renters thereby decreasing vacancy rates.

Most likely yes. most homes need to have functioning living quarters which include a usable bathroom and kitchen.

If two persons (and dependents of either) share the same sleeping quarters, they are treated as one tenants

It will be expensive (like 8%ish) but they may operate like B2R and Colony in that they may go by LTV and not LTC, in which case you could somewhere if you're buying sufficiently below market.Jean

You'd still need to get registered with the city before listing your property and now we have these pain in the butt short term rental taxes we have to collect and pay every quarter.

You may also need to add quarter round to baseboards if you are moving from carpet.

But since I used the VA assumable loan, I was able to purchase a quarter million dollar property with just 6% down.