Instead of borrowing money right now: 1) Look carefully at all of your monthly expenses and identify recurring costs that can be eliminated or reduced.

Paying your parents half of that each month would be about a 5% return on their cash contribution recurring every single month.Those are totally guess values, but imagine the broader buying power if using borrowed leverage.

NOI = Gross Income - Operating ExpensesOperating Expenses = recurring expenses you'd still pay if you paid cash for a property:- Property Taxes- Property Insurance- Utilities- Maintenance- Management Fees- Etc.Does NOT include:- Loan/mortgage payments- Capital expenditures (those you'd depreciate for tax purposes)- Acquisition expenses- Etc.

Often times the trauma that comes with our obligations of service can lead to feelings of anxiety and despair.

Areas like these are constantly bringing new or recurring visitors into town.Lastly, I would look in areas that generally have favorable policies and regulations around rental property.

While experience is a great teacher, most folks on here have a thousand stories of what they wished they would have done differently and a recurring theme is to find a mentor or someone to help prevent them from making many senseless beginner mistakes.  

I know how to use Quickbooks but it has major cons (it's expensive, can't really easily build in features of a mortgage, recurring invoices are only for the $90/mo. plan), Quicken might be good but their property management is only on Windows, Stessa seems like it's pretty good but not comfortable with its terms (nothing in life is really free, folks!

If a certain recurring task isn't a strength for either of you, consider hiring it out.

I am sorry, I do not have to accept someone with phobias and anxieties because that is disruptive to me.

So by not raising the rent, not only have you lost recurring cash flow, you also risk losing money when you sell what could be seen as a less profitable asset.I agree with Nathan G.