Or you can create the policy donate it and should be able to get 2.5 times the value for tax purposes.

Trying to read between the lines it sounds like you have a regular owner occupied homeowners policy in place on a rental property. 

But…There’s ZERO chance I would rent by the room for $600/months more.

Here is my experience, I once sent out 5,000 beautifully designed, professionally printed post cards and got zero calls.

Get some policies and procedures in place.

But almost zero percent of NOD owners can make it through the selling / moving out process go get this benefit. 

Several options you can explore to get the down payment capital: Solo401k; HELOC on personal residence or from equity of the SFR; Cash Value Life Insurance Policy; Business Credit; Private Lenders, to name a few.

I always just explain nicely that it’s my company policy to deliver the required notice and collect the late fee as per the lease every time rent is late, no matter what, sorry no exceptions for anyone as I treat everyone equally and adhere to the lease agreement that we both signed.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

I have clients who invest in the SDSU area to students, nearly zero vacancy, because of the demand, proximity to campus and quickly executed turnovers.