I'd find this out.This would be a deal breaker if the city doesn't at leave put in writing that you can legally put in a bigger Septic tank to accommodate the bedrooms that have been added.Also was the increase in house size done legally since they weren't required to upsize the septic tank?

The slow and steady approach is fine for this property but it feels like a waste to sit on a low performing asset and assuming rent increase is a strong enough lever to pull on for FI.

My thinking is increased value and cashflow on a long term hold.

No matter what way you choose to get started, if you are consistent and dedicate time regularly, you will be set up for success for years to come.

.= your equity/contributions into business would be increased by $800 So by switching from QBO to Stessa....you've removed the entire accounting component that says whether a,b, or c happened and your CPA is having to piece that together at the end of the year.

Many states have discounted property taxes and lower yearly increases for owner occupied properties.

In that case, using the cost segregation study this year might not be necessary because the extra depreciation would just increase your loss, which you might not be able to fully use right now.However, you have two options:Use the Cost Segregation Now: This would increase your loss this year, and you could carry forward the unused loss to offset future rental income.

Some strategies to get around are:1. leverage your current portfolio and buy in cash, increase value, and then refi2. buy Multi-family so your ratios aren't the main factor to lenders3. get in with a lender for high net worth individuals4.

For me, I could handle the increase in cost and still pay much less than If I got a 4/2 SF.

Focus on location: Look for properties near colleges or hospitals—they tend to bring consistent, reliable renters. 2.