Robert Clement - Does your lease have late fees listed as additional rent?

In addition, as you have alluded to these are often illegal units which means they will not be worth anything on the resale.

Additional questions to ask?

If so, the additional accounting cost per LLC can be very, very low provided that you are doing the basic bookkeeping yourself and passing off to a CPA at tax time.

That's exactly how we got a 3-plex for an $80k discount on the price the previous buyer had paid.

Do I go back with additional estimates and try to get the 20k difference off our handshake agreement?

So in that case I write that in. "...significantly below market...because of a pending divorce in which seller(s) require a cash buyer to perform in a few business days and are willing participants to accept a cash offer at 40% off the ARV ( write in whatever the % discount is and the true ARV is) I'm not an attorney, but I've learned from a lot of attorneys to overly disclose.

I took the included title insurance and even though it was slow it worked out ok, I had a lien release regarding the HOA and was not hit with any additional fees.

Either way the process is still similar with an attorney there’s one additional step.

(Is the break even including you living for free or at a discount to your current monthly rent?)