Single family is restricted to single family, no income generation.

You would basically offer the same set up utilities but you would have a residual income monthly by renting the plot to the owners of the space. 

Hi BP Members,I shortlisted one RE property with $350K purchase price and with good long term tenant income ($4400 PM current).

For 2024, the annual gift tax exclusion is $18,000 per recipient (rising to $19,000 in 2025), and amounts above this require filing a gift tax return (Form 709).

Do you have clarity around different options there are to create cashflow besides pure yield/interest/rental income?

.- Future rental income: I can continue to rent it out and let the equity grow.

Gross rental income divided by 2 (50% op ex ratio) equals net operating income. 

Getting enough passive income to step away from a job is going to be hard to do in Oregon.

Some reasons you'd need to sub your tax returns: if you have a schedule C (self employemnt) or a schedule E (rental income). 

Thanks, Bernice One approach is to break it down by looking at similar vacant retail spaces nearby and comparing price per square foot while factoring in potential rental income once occupied.