Upon BP member recommendations, my husband got his real estate license which now helps increase our access and decrease our transaction costs.

However, the depreciation claimed while the property was a rental must be accounted for upon the future sale of the personal residence, which could increase your capital gains tax liability.The adjusted basis of the property (original cost minus depreciation) will be used to calculate gains or losses at the time of sale.

We have an existing mortgage (backed by these 2 lots and 2 others) and given the increase in appraised value there is no need to pay anything back to the lender when selling the lot.

Cats can be great, or they can do incredible amounts of damage.You must either increase your damage deposit, or charge a hefty non-refundable fee.

While a properly maintained TN LLC might be sufficient for those who diligently follow corporate formalities, the additional layer provided by the Wyoming entity can offer significant extra protection, albeit with increased complexity and cost.

Long-term, look into refinancing once property values increase to lower your interest rate or pull equity for your next investment.Good luck!

but let me know if i'm missing something That was the plan, and honestly my current mortgage is less than 1300/m so with the increase it is maybe double that, which I can deal with.

So, yes - there has been an increase in the percentage of wraps called due. 

Your best option may be to increase the rent to cover the additional expense.

The shorter the prepayment term has an impact on increasing the rate.4.