It's crucial to evaluate how the deal performs with the new mortgage:Updated Financials After Refinancing: Market Value: $459,000 Mortgage Amount (80% LTV): $367,200 Equity: $91,800 Interest Rate: 5% (30-Year Amortization) Assuming after 12months the rate will drop to 5%Monthly Expenses: Mortgage Payment (5% Interest): $1,971 (Now you are paying interest and principals) Property Tax: $260 (assuming has been increased with a 4% from last year) Utilities: $361 Insurance: $104 (+4% Adjustment) Vacancy: $166 (now after 12 months we can assume we have some vacancy at 5% factor on annual rent) Repairs & Maintenance: $166 (now after 12 months we can assume we have repairs at 5% factor on annual rent) Total Monthly Expenses: $3,028Rent Income after 12 months assuming annual rent increase at 5% : $3,323Cash Flow: $295$ per month 😊Long-Term Gains: $5,418 Principal Paydown year 2 (this will increase each as you pay off your mortgage $36,720 Property Appreciation (assuming 8% per year) $3,540 Cash Flow (this will increase as rents rise)Total Annual Return on Investment: $45,678 with just $ $22,789 remaining in the deal.

Striking the right balance between enforcement and maintaining an inclusive, education-focused community will be crucial to its success.

im in Orange County CA and there is a huge market here for room by room rentals here. i've been doing this for quite some time (over a decade now), and it certainly has its pro's and cons. my advice if you go about this is make sure you do proper vetting before moving someone in... not only for financials/ credit-worthiness, but also for temperament and expectations in a co-living space. we ask a lot of questions like "how do you handle conflict?"

On Furnished Finder, the incremental rent appears to be about $1.20/SF.Having a property manager to handle mid-term rentals is crucial.

I am a big believer in working with what the market offers you, instead of trying to grow oranges in the winter.Back in 2010 that was foreclosures, in 2015 it was short sales. 

However, thorough research on local markets is crucial to understand property values, rental demand, and economic trends.Leveraging Debt:Strategically using debt, especially DSCR loans, to acquire more properties is a common approach.

When people say you can pay your mortgage off years sooner, it is the extra principal payments that are crucial, not the HELOC.

You have a couple ways to access that equity.... you can 1031 your orange county property into a large multifamily and create cashflow that way.

I am filing a suit in Orange County Superior Court and along with reporting to following government entity. 

I have a primary house in Santa Maria CA that we are renting out and getting cash flow from it,  thinking of using the equity from that house to buy here in Orange County.