In my thinking, it is what I had for the past two years, a couple with no kids, but perhaps there are other profiles that work well too.

Help them to decide whether to knock property down and rebuild and hold OR just do some additions completely gut and remodel and sell. 

If you decide to pass through, just make sure those additional net profits don’t move you into the next tax bracket.

You'll be a great addition to the forums with your experience!

Title says it all... this is in my personal residence but I’ve found BP to be a more credible source for answers than searching the web.After 2 or 3 showers the water gets cool/lukewarm, not freezing and will stay that way, can usually get away with a shower in the morning and one at night without problems but if it’s the kids in the tub and a shower that pretty much uses it up.Typical usage, nothing too long, any help?

@Daniel Caraway a lot of times properties like that are grandfathered under existing zoning unless, it was an addition done without a permit or it's been vacant for a specified period of time.There are fairly explicit rules at the county level that govern zoning.

Especially when you have a wife and a 7 months kid.

It is always best to get these questions answered before the loan is signed to avoid additional costs down the road.

My tenant was interviewed on the news, and just shared what a nice kid he was, and what a shame it was that this has happened.

While I have extreme fears about providing income, her fears are on the risks of having additional liabilities.