They will likely count your potential rent as part of their analysis and should give you a good idea of how much you could "buy" based on your situation.

My wife was on the phone with a potential tenant as she was arriving at the building to view the unit.

The premise of the time value of money struck me: "Money in hand today has earning potential, and we can turn money today into more money tomorrow by investing it."

I explain to the potential renter what co-living is even if they have done it before.

It took less than 5 minutes to enter this data into the BP Rental Calculator and see that the potential was outstanding.

@Akil MitchellFrom my experience, when buying a property, it's crucial to assess local building codes, potential de-conversion costs, and permit requirements.

Cost segregation and bonus depreciation may create paper losses during the holding period, potentially offsetting some preferred return income if you have passive income or qualify as a real estate professional.This post does not create a CPA-Client relationship.

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

While we both have strong W-2 incomes, the large number of properties I own has made conventional lenders and agents caution that securing a loan for our primary residence could be a highly complex process.I’ve consulted with some local banks I work with, and one has expressed potential interest in financing our primary home.

My goal is to understand the current demand and rental potential for ADUs in this part of the city, as well as the costs involved in building.