The 25% "vacancy" is used to offset maintenance, fees, and vacancy.However, you cannot use the rental income from the vacating property unless it's 100 miles away minimum, or other exceptions (enlarging family size, employer-forced move, etc.) so your income would have to cover your vacating property plus the new property (minus 75% of the rented units.)

CLICK on Image to Enlarge.

CLICK on image to enlarge.

That may seem like a stupid question, but if you were to take a look at my wall, you would see a multipage blown-up poster map of my target area from Google Maps, enlarged enough to show individual properties.

Click on the image to enlarge it.

I am going to close in 2 weeks, and then enlarge the heloc. 

Here is the situation: When I originally hired him I inform him that I want to enlarge the room, to make it a 3 beds home.

(Click on the images to enlarge)I tried not to take you through the Journal Entry Process because I know how hard it can be to do Journal Entries, and so I tried taking you through the write checks and create a new invoice scenario, but it didn't deal with the old invoice or the payment received that bounced. 

Instead of buying a condo, what if you spent that money enlarging your own house? 

I reached out to my old boss, Rob Key at Enlarge Media in Los Angeles.