You want to address problems head on.Keep in mind that extra basement storage is of value to tenants.

I would honestly be okay with $120 a month because i think getting the first property is more important to that extra cash flow to me.That number is after mortgage, insurance, taxes and 25-30% for vacancy and maintenace.

Therefore in my case, adding a studio apartment will add approximately $7200 in NOI annually, which on an 8% cap, equates to $90,000 in value added, plus a ton of extra cash flow.

I obviously don't expect to get much money back would be happy just to get my apartment units back but thinking of taking tenants to small claim court in parallel to UD to put extra pressure on them.

Christine holt, agent, went the extra mile for me.

If you can acquire long term tenants that wont completely destroy your property, that's probably more valuable than making an extra 100-200 on tenants who do.

But it's for flips, and having that extra $20k is more important than paying an extra $175/month in interest since it'll only be drawn for 3 or 4 months at a time. 

Potentially it makes it easier to rent 2-3 bedroom units because people want extra space for office.

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it.We have a 12 page management contract that we've added our real experiences to over the years, with the intent of protecting both us AND the landlord.

The FHA 203K is not for everyone and has extra steps.