It's also worth speaking with a local real estate agent to identify the best neighborhoods for rental income potential.

Like someone else said, some income is better than no income for many people.

He also doesn't want to leave living with my sister and her kids either, but really can't afford to pay more than the $150/month that he's barely able to pay now.Both my sister and her father-in-law are very low income earners, and the house they live in is too much for her to pay for on her own.

Rise48 is raising preferred equity at a valuation that is not market, with income growth projections that are unreasonable, and putting $7,000,000 of new investor cash back in their pockets... $7,000,000!!

Listing them as an “Additional Insured” rather than just an “Additional Interest” will also safeguard both parties.For the LTR unit, your landlord policy should include property damage, at least $500K in liability, and loss of rental income.

And as time goes by, rents will increase and your income will look better and better.My first investment in 2004 made $35 more than the mortgage.

I've seen some people house hack a single family home by renting out the rooms, but keep in mind that traditional lenders would not be able to use the income from renting out the rooms (known as boarder income) towards additional income on the application.

We also looked at it as a place to escape America if we ever needed to and if our jobs went sour, we still had income coming in.

For quick math I have a range of each between: 700/yr to 3% of gross income

Not enough income for lenders compared to what else is out there for themThe biggest thing is the lot but other factors like the actual manufactured unit being quality and up to code helps a lot.