What kinds of deals do you prefer?

In my experience, a property with multiple cottages and outbuildings can provide all kinds of creative strategies...some folks try short-term rentals or even specialized retreats if local regulations allow.

My mortgage increased earlier this year as my home owners insurance went up due to the company closing and my escrow didn’t have enough to make up the difference so I’m kind of pay check to pay check right now.

It seemed that just having some kind of communication back to the resident right away was better than them leaving a voicemail.

I think another idea is come up with some renderings and a slide deck and go make presentations at the closest senior centers, Rotary and other service clubs, maybe several nearby chambers and see what kind of interest there is. 

Your lender definitely should be able to count the 75%- I'm in Arlington and would be happy to connect you with my awesome lender who has been able to do all kinds of creative options to get to yes for me.

What kind of savings do you guys have in addition to the income savings each month? 

What kind of tenants do you have?

In that it had a kind of early-termination clause.

It's kind of disconcerting when I can only raise rents by 5% but insurance is increasing by 10% to 15% per year.