Don’t leave anything to chance—guide the visitor to do what you want, which is to click YOUR ad and leave their details on YOUR SITE.

Being so close to the bases, you could make change it at some point from a long-term rental to short-term (for families coming into town) or mid-term (for military contract workers) and that would earn you more.For now, I would keep saving and invest in something else and leave this as it is.

Once the renovation is done and the house is put back together…that’s a great time to get a HELOC and just leave it open. 

This leaves a lot of money on the table and causes great frustration for landlords.

This leads to issues with refinancing and could leave you with less equity or higher debt than anticipated.

If so, I would take 50k and leave 25k there for reserves or needs.

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.

My next course of action is:1- Give her a notice to pay document to let her know how much she owes if she does leave by the 10/16 date or how much she would owe if she decides to leave on 11/5.

Let me help you start or continue to build your port folio in a market that doesn't appear to be leaving or even slowing down any time soon.

here’s a real life example using your buy pointproperty bought $300KLand value $37k, leaving $263k as building value (land can not be depreciated)Having a cost segregation done, you can accelerate depreciation.