You can always find/buy/create the next opportunity once the baby and family are settled at the new house. Holding

Each claim head of household.

Therefore, the household income can NOTsurpass 115% of the area median income ( by county ).

However, if you have passive activity loss / paper loss on the tax form, and your household income is less than $100K, you can use the passive activity loss against your earned income, up to $25K.  

If approved, they will all be on the Rental Agreement.Once they submit the application and supporting documents, I first look at the income and calculate the monthly household total.

Max Householder

Here are some nuggets from the podcast that i've put together.When looking at thearea you find a deal- Lookfor the medium household income and if the that medium household income wouldsupport the rent you would need to charge.

For those people that like statistics, properties that are over 50 years old are very hard to insure, properties within about a mile of the ocean are much more expensive to insure than properties further away, 54% of the Daytona Beach population are tenants, the median household income in the Daytona MSA is about $35000 and we have a very small middle class(1/3 to 1/2 of expenses go to housing, thats $1000 to $1500 a month @ median income with median home prices around $250k 30yr mtgs are $1600+), my company has a 3% vacancy rate at any give time throughout the year ;)Owning real estate for more than 5 years makes sense so long as you:properly maintain itget market rentbe reasonable with financing (and refinancing)buy according to your appetiteThat being said, Daytona Beach has a wonderful inventory with lots of deals.

The only thing I would bring up for your consideration is to check the rules related to your rent-by-the-room strategy.For example, here in Denver, Colorado there are limits that restrict how many unrelated people can live in the same household. specifically it states: "up to 5 adults to live together in households where not all residents are related; previously, only 2 unrelated adults were allowed to live together in a house and 4 in a duplex or apartment.

But the ADU design needs to take these various scenarios into account and create enough separation/privacy between the 2 households living on the same lot.2.