Welcome .  . be sure to find our next monthly meeting on the 2nd Tuesday of the month, which right now will be October 8th, at the Double Tree in Overland Park. 

Details2,819 SF, single family residence, 4 bedroom, 3 bath house, with a poolThe house is in a very desirable location.Market Value - $950,000Mortgage Balance - $226,137 (10 years left)Martgage Payment - $2,250/moInterest Rate – 3.5% Average Rental comps - $4,430/mo (looking at the comps I think it is above average)It certainly looks like it would cash flow, but that leaves buying a new house with a small downpayment and high interest rate.

If not, what is the sq.ft. of each unit and how many bedrooms in each?  

Downside is you won’t get the equity accumulation - but if you did this in conjunction with the properties that may not cash flow - the private lending income could help offset the low to no rental income from appreciating properties - so you get the best of both worlds without double the mortgage payments hanging over your head.

Some years smoke detectors need to be in bedrooms, others not.  

(about $20K in profits) I've developed and perfected a strategy to manage these tenants (and I'm a Hilton/Marriott hotel General Manager so its not difficult for me)The only thing(s) that are in our way from scaling quickly is;1) a consistent unlimited supply of tenants looking to rent bedrooms, 2) a partnership with a rental management company (we arbitrage 50% of our homes)3) I guess some capital but really only depending on how quickly we decide to scale.MyRoom is the name of the company, (lazzarapm.com) anyone have any thoughts, recommendations, suggestions on how to achieve this, FAST?

And, you cannot change the property characteristics later.For example, suppose you bought a one-bedroom condo in Las Vegas because it was inexpensive.

We have put a considerable amount of money into the home to include a completely renovated 2nd floor 2 bedroom unit.

The tools on Zillow and Redfin aren’t especially helpful since the house is off market, and they’re underestimating the number of bedrooms.

#1 - Small 3 Bedroom Renovation into small group luxury accommodation.