Hi Terri,Nice job, looks like a money maker.The other homes nearby look very well kept up too.It certainly looks rentable.But I wondered if it would look bigger with the vegetation removed (less upkeep) so I made a mock-up of it.Good Luck!

I've done the weighted average interest on a rate and term vs. cash out refi and often the effective interest rate for the cash out means you're paying between 7-9% for that money....the reason being you're paying the higher rate on not only the cash, but also the entire remaining mortgage balance.

Been living off the cash flow for about the last 10 years (with little to no direct involvement in the upkeep and managing).

This was originally built as a rail car manufacturing and repair facility, so the base may be just enough to handle empty cars - Fully loaded cars could be an entirely different matter - If the base isn't sufficient for the weight, big problem.

A high-quality property will typically have less maintenance and upkeep, he notes.

I find them in general to be good/conservative in their number so I am happy to provide it to the owner as it allows me the opportunity to under promise and over perform.It is important however not to just plug the address into the rentalizer and go, you need to analyze the comps below and weight the comps most similar to the subject property.Hope that helps!

I highly suggest buying your own home and learning about the buying process first, and general upkeep of that property. 

It feels like I might be punching above my weight here, and taking on too much risk.

The granite is fine, but the limestone gets ate away from underground rivers (cracks in the subterranean rock) and eventually the weight of the earth above it will cave it in.

Some of the big ones I've heard are things like having a great tenant portal for handling maintenance requests and rental applications, quick response times when dealing with tenant follow up, showing face at the property or at least routine drive by checks and a reliable maintenance team to handle property repair and upkeep.