Being in a similar position myself, I agree with @Ronald Rohde and @Drew Shirley.Have her responsible for groceries and maybe one or two of your basic utilities at most.

Very nice.The added benefit, which will likely change (to some degree) is that I shield a wee bit of my income from the AMT.Further- when we needed funds while repositioning apartments we simply drew from the TSP and pay it back at a rate of 1.85%- which you are paying to yourself anyway.free money is a beautiful thing.

@Andy Brohard hey bud, i am in the process of building a detached ADU and went the same route you did, as far as making it as much DIY as possible.I drew up my plans and had a structural engineer handle the important aspects he needed to. 

Hi @David Drew,1) Typically only deposits that amount to >50% of gross monthly income need to be sourced and papertrailed.

Quote from @Drew Sygit: @Katie McKayIn our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

Quote from @Drew Sygit: @John CarlsonWe bought out a "mom & pop" competitor that had the same skillset breakdown you two have. 

Quote from @Drew Sygit: What is your USP?

Well I drew them in line the other day when their check bounced (from a closed account) and they didn't promptly make good on it.

Here in NY we use lawyers for everything.Originally the buyer told my agent he was doing 5% conventional.My lawyer drew up the papers and sent them out.Few days later, He said he was doing 5% down FHA, again my lawyer changed the contract and sent it out for signature.Now the buyers lawyer called and said, the buyer is now doing 3% down FHA, first time buyer, and wants a $10,000 concession to cover closing costs.So this buyer wants to finance 97%, as well as the closing costs.Am I insane for even considering this?

I drew up the contract myself and had my attorney review.