There is no easement in place, and the driveway could be relocated to the other side of the building or reshaped to avoid crossing the "border".

I would just be cautious about doing the work yourself, without pulling permits.

At that point, if your tenant is not willing to renew,  you simply advise the tenant that you will not be renewing their lease, and provide them a move-out date by which they must vacate the property.  

On average, 20% to 40% of those components fall into tax categories that can be written off much quicker than the building structure.A Cost Segregation study dissects the construction cost or purchase price of the property that would otherwise be depreciated over 27.5 or 39 years.

It can be less risky over time, and you benefit from cash flow, tax advantages, and equity growth.

to get it down to a price that would make the numbers work.

I do agree some rents versus house prices can be difficult, but being creative is key...

Would love to get what we can for the ticket and room.

But, would my 2024 income even be considered towards pre-approval given it is not on a tax return yet?

Hi Carole,In a competitive market, the most effective financing strategies involve being prepared and proactive.