I manage around 400 rentals with 14 years of experience and have never been sued once.

Property manager recommends Porcelain Tile (states more durable in long term) over luxury vinyl tile/plank.  

Greetings BiggerPockets community,My name is Tyson Schuetze and I am a 20-year SFR professional investor and manager.

Listen to podcasts, watch online seminars, network, find a mentor, and use software for managing properties and tools to analyze deals.Start your first investment on a small scale, like buying a single house to rent out or a small apartment building.

As for when to call in a contractor, it really depends on the scope of work and your comfort level with DIY projects.

My plan for property is to rent after rehab which the same realtor has a property management company we’ve discussed using. 

My question is: can we use projected income from the other units that we wouldn’t be living in to help get approved for a mortgage?

I’m looking for a property manager that I can pay as needed.

I am close to the owner so I can discuss options.These are details and some rough numbers: - Location: Vienna , VA - No mortgage on house (free and clear)- Purchased year: Around 1980- Purchased price: around $50,000- Type: 3 bed - 2 1/2 bath single family- Market price: $920K (not appraised yet but numbers from Zillow)- Market rent : $3,400/mo (from BP Rent estimator)- Insurance $2,000 /yr- Taxes $9,300 /yr- Management $3,260/yr (I do not want to manage )- Repairs: TBDThe numbers do not work with conventional financing (20% down, 7% interest, 30 yr) so I want to think of creative financing ways.

Hey @Dennis Gallof - I'm a broker, investor, and property manager in NYC to landlords like yourself.You're right, its very common for basements/cellars to be rented out (legally or not).