Well, I am still wonder two things, first, will I be still in trouble if something go south, and authorities find out that it is a single family house not multi-family one, and you don't find 3 individual at the same time, how could I sign 3 individuals when there is actually only one tenant, anyone has experience on this topic?

I would repair the carriage house if it will produce $1,800 per month in rent for a $40,000 expense.Good luck.Bill

As silly as it sounds there is some risk of getting in trouble for it.

That is poor advice and following it could land @Shahriar Kiamanesh in legal trouble.

You can build a ladder as when you show income on property for 2 consecutive years, it's income producing (rather than debt) for mortgage purpose.

First I'd say that old posts about installment contracts may get you in trouble now.

I know this can be come and in many cases I have seen it done for less and for units that then produce $450-$500 for a 2b/1b so $900-$1000 for the duplex total.

Seriously though, he is in trouble with this deal without setting up Private placement through a state or fed exemption.

I know I have a great lead when people call and repeat lines from the postcard - over time, you can tell what resonates with people and gets them to call...As far as the MEDIUM - the 2 best producers are pay-per-click and direct mail to owners with equity....

I have no trouble getting and keeping good tenants and raising rents.