This individual may be considered a renter, but there are different rules when the renter shares your personal home.

Usually this needs a promissory note and actual cash payments to be respected (as opposed to a month liability accrual).Your tax professional is best equipped to explain the specific ramifications to you and long-term consequences based on your individual facts, circumstances and goals.

When the value-add process is complete, these assets can look brand new to potential tenants which drives significantly higher rents increasing the value of the asset.Now that you know the difference between the three main business plans, you can align them with your individual investing goals which will get you one step closer from becoming work optional or leaving your W-2.

If they were separately metered, each tenant would pay the $116.50 base fees and their individual use, which would be 3x higher than what they pay when sharing a meter.There are a lot of options out there, but don't make it more complicated than it needs to be.

Their value is determined largely by comps not operations like commercial, they are expensive, they require an individual mortgage for each property you own, the buyers and sellers in that space are less sophisticated, etc. 

For this individual deal, I had only sent them one mail piece.

Hi all, I'm working with a group of high net worth individuals and we are looking to expand into the Raleigh NC market.

A few other details:- Note was written in 2011, between current lender and another individual- We purchased the property several years later.  

Purchasing a house with a lot of bedrooms that you can rent out individually is a great strategy, especially in a college town.

You might also have to designate if you will be investing as an individual, married person, or another entity at this point, and I would encourage you to check with your legal/tax counsel to determine the best option for you and your specific situation.Do I have to Read the Legal Documents?