In addition, when you have leverage you have the other benefits which @Ali Boone mention.

I have about $100k in capital reserves and can leverage the 2 properties for additional capital, as needed.

Principal balance currently at 314kProperty Details: It's essentially a "2-in-1" property, with the main unit rented out for $1,900/month and an attached ADU bringing in an additional $1,200/month.

We also allow users to amend a post at any time with additional information by replying to that post again, just like what happened here.We have no plans to change how the forums work as it pertains to the deletion of posts. 

Additionally, ATCP 134.05 says that if the tenant provides a consumer credit report from an agency that compiles and maintains files on consumers on a nationwide basis and it is less than 30 days old, the landlord may still run a credit check but at its own expense.When I inquired with the company, they replied: "These laws are in place to ensure that you, as a landlord, are not profiting by incentivizing multiple applicants to apply when you have no intent to rent to them.

If things work out, we'd like to have at least 1 additional property before the end of the year and have 8 in 8 years.

Why ask: Get clarity on the full cost of the program, any additional fees, and what’s included.

IMO this is much too little additional return to put your personal residence at risk.  

With careful planning and local insights, Richmond can be a solid addition to your investment portfolio.Good luck!

Because of the additional income I am producing through the consulting business, I am afforded the opportunity to invest money in real estate.