If you don’t do the 1031 I’d say it’s a wash.

If he did, it would be interesting to know what that amount was. He

So the "average down" argument is a wash, one can do the same in either.

Of course, then there are the easy cases, like when I called the last landlord for this guy who shouldn't be living in my rental, and his first statement was "he was full of horses**t."

The best it can do is wash out your current payments from the DTI calc. 

The sale was not triggered by the urine, but after washing the carpet it is somewhat apparent it had been urinated on, while the carpet was damp the smell got very strong.

This would work for many different business models that have an owners quarters such as some storage facilities or car washes.

The laundry room is small and just has one wash one dryer and the hot water heater.

If you use the search function, there are a number of threads on this.Pros-you can rent by the room and make more moneyCons-students are often less experienced at living on their own and may do things that result in repairs (eg wrong soap in dishwasher), higher turnover, more calls to deal with things, higher chance of parties.If you do it, you may want to get a cleaner in once a week to clean common areas (students clean their own rooms and keep the place tidy, wash their own dishes) and you will need to get someone in to take care of the yard.

However, it looks like to the left it connects to another room (maybe the living or dining room) if so, I would see if it was load bearing and maybe take down that wall and make it a little more open, probably put an island where that is.For the outside, it mostly looks like it needs a new paint job, fresh grass, and some pressure washing.