You also don't have to document if you don't want to, another HUGE time saver.Check out some of the processes we have on our site to better understand our logic on the right way to do things:)

Logical Property Management is top notch as well. 

After all it may still be a lot of money to them to pay $50 more each month despite what other homes are renting for and whatever logic I explain that makes it fair. 

Logical Property Management is managing both duplexes. or LPMOpen to chatting about ongoing renovations, updates, certificates, tenants, PMs and the neighborhood itself. 

I think your trying to figure out your real after tax income on w2 earnings vs rental income earnings, but for that you need to consider all benefits of real estate and benefits of w2 which has much more variables then just this Yep was just checking rough numbers and logic behind calculation.  

Follow the rules as allowed by your lease and let those actions drive you to the next logical step. 

@Michael Beninati, the difference in your logic is restaurants typically cost $500k and up to get running.  

Is my logic flawed?

Seems logical to have permit in hand though from a lender perspective .

It's the logical way to test them!