Since you're analytic savvy, run some high level amortization schedule scenarios to see how much equity you gain through annual principal payments.

Ken, You're changing the subject to something neither of us ever discussed.The only thing you claimed was that having no-debt on a SFR property makes no sense, because of your theory that the government is going to be massively raising taxes on property owners to "oppressive" levels.

-> Where to find people (architects, surveyors, etc): it’s hard to find people who operate on a national level, except for the main real estate agents.

What is your Risk tolerance level?

Talk about taking hospitality to another level. 

This goes back to the norm level or comes down.

It takes a certain level of QB knowledge to set it up correctly.

It is a great business as long as you have some level as scale.

@Jacob DaltonIt seems you have a high level of concern when it comes to investing in Cook County.

Interested in getting some extra income with converting the extra space in the basement into a rentable unit.Basements in a one-family home can be lawfully rented only if the following conditions are met:Compliance with the Housing Maintenance Code for minimum room size.There is a minimum ceiling height of 7 ft.The walls, as high as ground level, must be damp- and water-proofed if HPD determines that subsoil conditions on the lot require it.The basement is occupied by one family and does not include boarders.Every room must have at least one window.The bottom of any yard or other required open space cannot be higher than six inches below the window sill of any required window in the room.