I rent out the third floor of my home. I declare the money on my personal taxes..take deductions...and use the profit to pay my current mortgage. But what if I started an LLC...had my tenants pay that LLC...then took ...

In high tech often one company starts cutting back you will know the rest will follow. 11th year into an economic growth will run out of stream.  

I am only covering the general coverage’s that should be fairly uniform on every rental dwelling policy)The Rental Dwelling Policy (or Landlord’s Policy) includes the following coverage’s: 1.Dwelling Coverage - To pay for covered repairs or reconstruction of the dwelling.

Slowly improve the units,  raise the rents, add amenities to generate other income streams, and ride the horse to wealth and happiness.

My goals are:1-  create supplemental income2- create an amount that will assist with retirement3- provide a revenue stream that my children can have for the futureI joined BP after hearing so many positive comment on various podcasts. 

But I am wondering if it is at all feasible to use an FHA loan to update a Single Family home of a decent size into a Multi family dwelling such as a Duplex or Triplex.

After graduation, I'm interested in becoming more involved with real estate to set up some passive income streams to build towards financial freedom.

Homebase also builds out your own internet infrastructure allowing you sidestep the internet service providers and sell internet directly to your residents opening up a big potential revenue stream.

If not, I'd suggest not dwelling on it and moving on. 

If they take up the whole thing you might have just one tenant but the landlord is also now relying on one tenant for the full potential income stream of the property.Are they asking for any TI improvements money?