So assuming I'm keeping the old house, then the proposed plan will bring in more income vs. expenses so is incrementally cash flow positive.Also, given I'm new to investment properties, this seems like a good way to ease into it, especially from the financing side where I can get a conventional mortgage vs. investor loan.

Baby boomers just want ease of life...Echo Boomers For many reasons would rather rent too.

I would ease the month to month tenants into a rent increase, as in, give them a 60-90 day notice that it is going up. 

@Jennifer MacDonaldDoing another pressure test will help ease your anxiety. 

They eased up on the restrictions and permitting process as well.  

We've certainly had growing pains, and the cooperation of the previous administration was helpful in easing those issues.

This has eased my mind knowing that I can pay with little money down as long as my numbers work.

Currently the property is under his sisters name for ease as she comes to the US several times per year and he does not.

I have good, close relationships with my potential investors, so I would hope they would be at ease knowing they have me looking after their interests and working hard for them to ensure it's a win and not a flop. 

It was my way of easing into RE investment, and I've heard a similar story from others.