Those places tend to have lower costs of living, do you get a double bonus.

If appreciation happens that is a bonus.

To add the bonus event, the house evidently never had a floor joist on that end of the kitchen so when the sill went, the pressed wood subfloor, hardiplank and tile went with it.

However, if what happened in reality was, you earn $40,000 in salary and $10,000 came in bonus, from an underwriting standpoint you will only be able to use the $10k in bonus there is a history and likelihood it will occur again and has happened before.

If all went well with no concerns, that would be a bonus.

Maybe that will help.Kudos to you for considering the extra bonus for your tenants.

Maybe the C Corp could also increase your compensation or pay you a bonus based upon your executive performance....I'd check with a CPA on how to legally pull profit out.

Our goal is to pay off the house in 8 years using my bonuses from work and some business profits.

If you are the CEO, you may get a salary, retirement account, insurance, bonuses and allowances.

with this approach you would double your money in under 7 years and if things did not work out as anticipated you would have more than enough income to pay borrowing costs.Appreciation in these markets would be a bonus , you make your money on the rental.