The information contained in this post is not to be relied upon.

I owner occupy the home, renting a room to a friend at $650/mo, and the lower unit rents for $1850/mo - total rental income of $2500/mo.

Bruce, It was about $295 total.

What makes 100% total sense to tenant does not always compute with what you need to be successful as an owner....and #1 in that field is collecting rent.

Quote from @Tom Gorrell: We have 3 rentals in CA and one in Kentucky (total value about 2.5 M)some W2 incomesome pension incomesome syndication income and some from a business (s corp)  @Tom GorrellIf they are providing tax planning and/or bookkeeping with the tax prep, then the price is reasonable. 

They’re less restrictive since they don’t rely on personal income or DTI, making them a great fit for BRRRR.

After renovation rents would be 1900-2000$ so about 4,000$ total rent for both units.

And if you invest more than 200K you will get an extra 5% bonus at the end for a total of 23% returned in your final year.

The information contained in this post is not to be relied upon.

The information contained in this post is not to be relied upon.