Even without a budget for repairs/etc - let's just define "cashflow" as income left over after PITI & utilities for a moment - Mac Groveland and Highland Park are going to be tough.

Also make sure that you're using "per unit" numbers for your rules of thumb because this is much more accurate than simply looking at the expenses as a percentage of the property's income.

Or is it better to capture all the rental income while continuing to pay my current rent at $500/month?

I just received an application from someone who meets the income requirement (3x rent) but not the credit rating requirement.

@Saika MaedaCongrats on pursuing a property with an ADU—it’s a great way to generate rental income!

Some like to do owner carry and stack up the passive monthly income etc.

Having the ability to live for free, while minimizing the taxes on my W2 income.

Analyze potential rental income versus expenses carefully to ensure the property will generate income from the start.

The income from those two rooms paid the entire mortgage, HOA, and a a tiny bit of utilities. 

@Marita JojoAre you selling or keeping itWhat is the rental income delta?