That is $19,200 annual profit so you would be -$3,200 in 1 year with no factoring of breakage and maintenance.

What other factors should I be considering?

However, when you factor in the HELOC, we have a negative / break-even cash flow (HELOC payments are about 25% of the revenue from both).

Values in Commercial are a RESULT of the factors that formulate it's financial performance. 

Make a Rolodex of them for later.2 - Complete your design plan - i.e. take measurements and come up with a plan. 

They're good to have open access to capital/cash/equity to a property ahead of time so you can execute a deal or purchase when the time comes on a split second decision (versus having to apply to a loan at that time which might take 20-45 days to get approved/closed/etc plus by that time you dont know what your future income/credit/assets will be like in order to qualify anyway).The second use is sleep at night factor and having a reserve of capital in the event an emergency event occurs in life.For these two reasons is why I use lines of credit.

Do we want every phone call going to a designated person and they can contact our handyman etc - OR - do we want to continue taking these calls?

It was great to put pen to paper on the designs Ive pinned for so long and to see it come together in the end. 

That's a factor to consider if you have children and want them to be in a good school district.  

However, this wouldn’t typically happen directly because of the appraisal issues themselves, unless factors like low market rents or a lower-than-expected appraised value shifted your loan into a different pricing tier.