Revenue - expenses = profitYou would have to divide the expenses in half because you will be living on one side. 

We offered a little less than half of the deal that fell through and about 25% of the original asking price.

IE they have warehouse lines with either investment houses in New York or large banks and as such there are underlying rules for them to follow.PML or HML who has private investors in their fund or brokers for them will have a different set of underwriting rules that maybe tougher or easier depends on the company.you meet individual lenders private folks who do not advertise or hold themselves out as a lender at REIA meetings and networking.When i used to speak at these events first thing I would do is ask the audience who if the room is a private lender usually half the audience raised their hands..

The easiest part of managing a vacation rental is advertising.

If you're not familiar with it, search Bigger Pockets, there's ton of information.Second, the easiest thing to do is this.

I've gong through a significant renovation involving almost half of the house but had some issues with the turnkey contractor who never showed up nor finish scope on time.

Check your local laws and see what will be the fast and easiest for you.

Not even half.

All I've ever done professionally is construction  (half my life, even have a degree from UNL if that makes any difference...but not).... 

This way, we can customize it to our needs and preferences.Our goal is to live in one half and rent out the other for about 7-10 years, then move on to building our "dream home."