Additionally, in the R-7 and R-8 Zoning Districts, you need a Conditional Use Ordinance from the City Council to authorize the conversion.

I have thought about renting out my primary residence because I could potentially have someone else paying my mortgage and the rental income would pay the mortgage and also put about an additional 600 month in my pocket.

We have not disabled ours or converted to gas, but Tenant must sign a Fireplace Addendum stating if they use it, we require a higher renter's liability policy with us as additional insured, rules on wood, storage, use, safety, they pay for yearly professional cleaning each year they are there, etc.  

Even if you had to exceed that, as single you could convert an additional $485,050 above the $63,350 (or $503,350 if married) and you’d only be taxed at the 15% LTCG tax rate (not counting any state if applicable).Each year I’d get my taxable income as low as possible to give myself as much ‘room’ as possible in the 0% tax bracket and convert the max amount possible.

Lot next door- possibly building additional home someday.

Marketing Strategies:In addition to listing on major platforms like Airbnb and Furnished Finder, consider joining local Facebook groups for military families or relocation services.

New roof, interior & exterior paint, finished additional living space What was the outcome?

We plan to register an additional LLC (of the investor) that will hold 50% of the property.

Additionally, creative revenue streams like adding storage or premium amenities can boost NOI.

Another avenue would be to call your utility companies and ask about installing additional meters.