If you've given the tenant a discount, you've lost income.If you are going to offer a discount for a full year of rent paid in advance, I recommend you have an attorney draw up a strong clause that says the tenant forfeits the discount if they leave early. 

Your living expenses get rolled into the investment, which can offset the expense (you're paying $1300 in rent each month--including that in your calculations for either a duplex or a home with an adu may make the investment numbers work better)I would strongly encourage you to spend a lot of time figuring out how to make a house hack work for you guys.

Get a strong shop vac with bristle brush and carefully clean off the condensing unit. 

we are refinancing 3 properties and Did some research.long term after 6 month of owing the property  cash-out condos only upto 75% loan to valueSF properties 80% loan to valueRental market is strong for the next 3 years so don't worry to get the income...Do it BRR is the game changer

and yes, i would recommend being in a strong financial position with substantial reserves.

@James Sedano If you feel this strongly in favor of having the trust, I would recommend a firm who specializes in estate law or has a practice group who does rather than a generalist.

The area’s economic development is strong, supported by tech sector growth and proximity to several major cities like Nashville and Birmingham.4.

Know that there is still strong demand for Austin housing and that prices are still considerably higher than just a few years ago.

Very odd that folks are still financially strong enough to hold on.   

We are shifting our focus to NE OH and are looking to build a strong and ethical team for successful BRRRRs.