For instance, lease a large property near a campus for the son/daughter, then sublease the extra rooms.

I could incorprate these changes into the side to be renovated, but retrofitting them into the already completed side would be more difficult.I am looking to hear anyone's experience as to what the cost of a sprinkler sytem/ alarm system might be and if there are other incremental costs or regulations that should be anticipated that I haven't thought of.For the extra $500 per month income and some decrease in insurance costs, I am motivated to do this, but the regulatory hassels are less as a two unit.What do you think?

I have not spoken to the owner yet (but will) but my friend also said that the property has had full vacancy for over 3 years (mostly elderly people), Utilities are metered individually, refrigerator, gas range, washer/dryer hookup in each unit.

With the banks gone, less bids and more individual winners.In 2010, the top winner invested $372,081.27 in total.

Since we measure individual projects and aim to place capital as quickly as possible, this is the best measurement for us.

I feel it adds an extra layer of protection to ensure the area remains in decent shape.

Your not paying extra and you have someone looking out for your best interest.

When an offer is accepted, create 1234 Madison Street LLC with CashBuyer LLC as the owner and then hold the property in 1234 Madison Street LLC.This approach would also add an extra layer of protection and wouldn't require you to submit offers in your own name or make a new LLC every time you want to put in an offer.

I just don't like the extra paperwork.

I seriously think that some landlords (mainly talking about typical private individuals here - not larger management companies) forget about the basics!