We have a chance of an off market opportunity, with income generated from bonus room and bathroom off garage.  

I’m open to all suggestions and opinions.Townhouse 1200sq 2 bedroom 1.5 bath with a bonus bedroom or office in the basement.Purchase price: $32,000($24,000 left on mortgage).

Originally posted by @Melvin List:@Liam Mooney if you are moving from a W-2 job to another W-2 job you should be fine.Agree, assuming your not partly or fully commissioned, overtimed or bonused, in a manner that is of underwriting relevance.

http://bakertilly.com/insights/bonus-depreciation

We worked out a deal to get the work done for $75k, and they would get a bonus on the back-end when it sold (another $75k), contingent on timeliness and completeness.Everything went great at first.

If you have enough cash flow, you can weather the storm and even purchase discounted deals during the storm.I wholeheartedly agree cash flow will survive all downturns and the bonus of tenants paying down debt.

But at 75/25, it changes to 65/35, accounting for my extra money, but also his bonus percentage. 

After that, any roommate amelioration of your expenses would be a bonus!

Any extra cash flow would be a welcome bonus. 

But at 75/25, it changes to 65/35, accounting for my extra money, but also his bonus percentage.