I'm thinking about a few options:  1) Airbnb it, 2) rent it out, 3) sell my house (with this new unit) or 4) convert both structures to condominiums (if even possible).I'm also considering renting out my own house too (single-fam), ~1,500-sf, 3BR, 3BA. 

Investment Info:

Single-family residence buy & hold investment in Williamsburg.

Purchase price: $132,000

Cash invested: $7,000

2 bedroom, 2.5 bath 1800 sq. ft. condo unit currently rented on an a...

I was always nervous before about maintenance calls/expenses/my lack of knowledge of general household stuff (I'd never touched a breaker box before!)

They have been a great tenants for 3.5 years so we have only raised their rent $50 in that time (so they may be over 3x today).The median household income for a family of 4 in San Diego is $63.4K. 

Hi, I'm thinking about rehabilitating a 20 unit building and would like to convert them into 16 Condominium units. 

@Priyanka K.When investigating new markets I look for things like population growth (upward over the last 10 years)Job growth 1% or greaterUnemployment =< national averageper cap income 20KHousehold income 3 times annual rentnumber of households (in comparison to other markets) Favorable government policies (is the local government looking to attract business) those numbers will give me a sense of the macro market.

With Chicago minimum wage @ $12/hr, assuming 2 working adults (working minimum wage), household income would be almost 5x the monthly rent for my 2BR apartments, leaving about $3k/mo for other expenses.

Monthly pre-tax income for household 5.)

There are about 100 units in this condominium, not sure why the size matters.

They are part of a condominium complex where renters have access to all amenities: typically one or several pools, a gym and yoga room, a spa and steam room, a kid's club, one or several bars, underground parking and a private outdoor area for residents.