Intro letter to tenants requesting updated contact information, maintenance problems, how to pay rent / contact our office etc.2.

All the tenants have been easy and low maintenance so far.

Higher maintenance cost.

Hello BP,My parents recently inherited a timeshare that carries with it some formidable annual maintenance fees.

See maintenance/repairs below foradditional information.

You don’t have to skimp on the neighborhood or the quality of the house, but if it is a nice little 3/1 or 3/2 single family home in nice condition with no deferred maintenance, then your chance of making a mistake or getting hurt financially while you learn is limited.

I self manage them, however I have one of the tenants serving as my maintenance person and primary contact for tenants with any issues.

Looking to rent out the property for cash flow (After some small updates / maintenance) and continue to build equity and loan paydown while I house-hack into a 4-plex in the Volusia County area.

This creates two loan payments ($100,000 of equity and $300,000 on the new mortgage).Key NumbersHome Equity Loan Interest Rate: 6%Mortgage Interest Rate: 7%Rental Income: $3,000 per monthExpenses (management, taxes, insurance, maintenance): $800 per monthIncome and ExpensesMonthly Rental Income: $3,000Monthly Expenses: $800Monthly Mortgage Payment: $2,000ExplanationThe investor earns $3,000 in rent each month.They pay $2,000 on the investment property mortgage and $800 on other expenses.This leaves $200 profit each month or $2,400 per year.However, you have to pay $6,000 interest on the equity borrowed.This leaves you with an annual loss of $3,600.While the rental property generates positive monthly income, the interest cost of borrowing the initial $100,000 results in an overall annual loss.

Will require 20-25% down and can break even after expenses (management, PITI, maintenance)NE Philly, bucks county, Montgomery county have solid mulit families that work the best as LTR from what I am seeing.