It's a cluster, with months of uncertainty, and in my case 10s of thousands of dollars, because we had to upgrade the septic to accommodate the fourth unit, as if it wasn't working already.

We have renters there now and they cover the mortgage with a bit of cash flow ($100/month), but the property is going to need some more major updates (windows, roof, HVAC, siding) within the next 5 years as they are starting to be at the end of their useful lives.We would like to pay off our primary residence as quickly as possible to “free us” from mortgage payments on our primary residence.My questions are below:1.

Then maybe 1500/month holding costs. 

That being said, every FHA loan has UFMIP which is 1.75% of the loan amount, as well as monthly mortgage insurance pmts that are about 0.5% of the loan amount annually.

I think initially it makes sense to find properties that already have finished basements, in-law suites, etc. as converting those spaces to ADUs will be inexpensive and create a significant amount of rental income ($2,000/month+ in most areas close to the city).

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

In addition to offering "cash for keys" assure them that they can use you as a referral on their next tenant application, or offer them a short term-2 month lease.

Is she month to month?

Leases typically last 6-12 months or longer, minimizing vacancy periods.Best Fit For: Investors seeking a “set it and forget it” approach.

-PITI minus (rents x number of bedrooms) = your debt obligationIf what you owe at the end of the day is less than what you would spend on housing per month, that's a win!