In the end we let our owners decide if they want to increase or decrease the agent commission that found a tenant.

We would now like to increase our access to cash via a HELOC that incorporates the new ADU in the appraisal. 

The difference is just UW fees, better than paying a 20% increase at payoff to remove properties. 

These areas offer a mix of renovated bungalows, new construction, and industrial conversions, with increased demand from young professionals.

Put the profit towards a new Primary residence and ~$50k towards a rental property.2) Rent it out and eat the cash flow loss, hoping rents increase.

There are many other angles also you can take to both increase profit, reduce risk, etc.

Since LMHA started inspecting my properties every 9 months instead of 12 as was the norm before ~2013 I request a rent increase each year and so far have been pretty good about getting a 2-5% increase. 

@Coty LeBlanc I originally used it as a set it and forget it tool and it was better than not having I suppose, but then I really dug into training and learning and I saw 50% increase in one property and 20% in the other.

Satisfied guests aren’t just likely to leave glowing reviews—they may also spread the word to friends or choose to rebook themselves, keeping your property consistently booked and increasing your revenue!

You are required to file a complete and accurate return, which means reporting the income that you earned along with atleast the direct expenses that you incurred on your rental.There are two comflicting forces - Your tax accountant wants to be aggressive with deductions because it will entitle you to paying less taxes(now or in the future).Your lender wants to see as much income as that will increase your Debt to Income Ratio(DTI).The good thing is that you can speak with your lender about 'one time expenses', that were only incurred in that year and are not reoccuring.