I suspect it is a mechanics lien (I've been googling) because the PMC said they don't need an attorney and I don't have to live in the area or have a local mailing address for them to apply it.

Most insurance companies wont even issue the policy if the current condition is distressed.

When you scale to 5+ properties, issues and the cadence of messaging will increase 5x.

Selling now means you could miss out on potential future gains.Market conditions: If the market is currently down, you might not get as much for the property as you would in a stronger market.Option 2: Get a Loan to Fix the BasementPros:Increase property value: Renovating the basement can add significant value to your property, both in terms of rental income and resale value.Higher rental income: With the basement fixed, you can charge market value rent, which could help cover the mortgage, property taxes, and the cost of the loan, with the profit potential.Tax deductions: The cost of renovations can often be deducted from your taxes, either through depreciation or as an immediate expense, depending on the nature of the renovation.Cons:Additional debt: Taking out a loan adds another layer of financial obligation and risk, especially if the increased rent doesn't cover the loan payments.Renovation risks: Renovations can sometimes uncover more issues that need fixing, leading to cost overruns and delays.Market risks: There's no guarantee that the market rent will remain high or that you will find tenants willing to pay the increased rent.Additional Considerations:Current Market Analysis: Understanding the current real estate market in your area is crucial.

Some issues that I see with your plan1) What do you plan to do with your unit in Oregon while you are living in Washington?

I have an appointment this week with the L&I office to discuss this issue, to see if they can issue me a letter or anything that notes that the property can legally be used as a two-family.I would greatly appreciate any input that any of you may have!

Hey Sonny, The Waverly area has a Lansing address, but is under the jurisdiction of Delta Township.

Write down addresses that look possible and find the owner's info at the Courthouse....

The real issue is If you cant pay your mortgage without the help of a rental, you bought way to much house.

And not just that, lets say we pass 2023/2024 with lot of foreclosure that we expected.Lets say we move forward to 2033, Fed rate at 2033 lets say 4%, cap rate for apartment 3% (after going down from cap 6% in 2024), we would hit the same issue again and by that time, most of today's GP would move to different job or industry anyway, or retired.