I knew I was adequately insured and had zero risk of financial consequences.  

Increasing for times when there is more demand and decreasing when it is slow. 

Save your money until you get financial backing of some sort.

The property has a 3 car garage that could be rented to tenants to increase ROI. 

The US taxes global income which dramatically increases the reporting requirements.

The number of DSCR (Debt Service Coverage Ratio) loans a lender will offer can vary depending on the lender, your financial situation, and the property cash flow.

------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Prioritize your financial stability.

I believes that well-planned real estate investments can open the door to financial freedom and generational wealth.Welcome!

I've been gradually increasing rent.