Rent as of today would be appprox $2,200- $2,400 All costs (excluding repairs) would top out at approx $1,900So it would likely cashflow pretty good.

@Nicole MarshallFannie won’t include rental income on the house you live in for lending/DTI purposesI’ve tried - they exclude it

The $500,000 figure you alluded to is, a married couple can exclude $500,000 of the sale of a private residence from payment of Capital Gains.

COC, ROI, ROE, are to name a few.Cash on Cash Return on Investment (COC Return)The pre-tax year-end cash flow divided by the actual amount of original investment you have invested.COC is used to compare your investment with other options excluding factions such as the use of leverage (mortgage), taxes, appreciation over time, and mortgage paydown over time.

I have a hard time believing that this will make a good cash-flowing rental property.Its a real tough decision anyway you look at it.If you do sell it for a gain - you may be able to exclude it since you lived in it for the past 5 years.

Not trying to exclude people, but wanting a group where folks have experience and a level of success, but also might be experiencing some growing pains or just want more.  

There certainly are people that do TX but it is one of those states that exclude a handful of lenders.

It does not specifically exclude the residential real estate.  

Our cost for building homes- excluding the land on a entry level 3/2 has been about $110-$125 a foot.

The date of service is excluded, and if the last day falls on a Saturday or Sunday or holiday, it is also excluded."