Kind regards,MichelleIt has to do with this issue of GLA (gross living area) and how its calculated and included in the appraisal.

Thanks,JaredI'd only pursue this if there is an big upside for appreciation, or if you planned on keeping the house forever as a rental.Run the numbers, subtract 15% a year for vacancy and on going maintenance and repairs during each year, subtract 15% per year for maintenance and repairs to get it market ready once you decide to sell it.Example if you were to keep it for 5 years and sell at the end of five years:12x$200=$2400 year gross profit15% for vacancy, maintenance, repairs ($-360.00 per year)= $2040 gross profit per year15% set aside to repair, repaint, replace to get ready to sell on market = $1800 $7000-$8000 net for 5 years of rental.Appreciation over the term you would keep it would be the only incentive, and it could be a big reason why to rent it.

 Bill Gross, the bond king, now holds bitcoin 

If you're in one of the Primo in-town neighborhoods your rent floor should be higher.Compared to short term rental - your gross rents will be lower, but that comes with lower headache. 

Both tenants are on modified gross and believe that they are not financially responsible for the repairs needed in their space because it was not their fault. 

If your adjusted gross income (AGI) exceeds $150K and you are not classified as a real estate professional, passive losses from rental properties cannot be used to offset your earned income.

@Chris F.It depends on what market you are in, but where I am located in Columbus 8-10% of gross monthly rents is pretty common for a management fee.

Gross!

when underwriting a property a good rule of thumb would be to set aside ~5% gross income for each Cap Ex, maintenance, and vacancy. (15% total)I dont know much of the market in TX but in central MA i work with a lot of investors that are interested in acquiring multi family properties so that's mostly what i deal in. 

You wear two hats, you’re the employee so IRS allows elective deferral (just like your current w-2 401k) up to $23k or $30,500 if over 50 AND the employer so you can also make profit sharing contributions of 20% if profit or 25% if gross payroll.