Steve babiak has this been covered in depth here already?

Thank you very much Michael; your advises in such depth; they helped a lot.

Many of the more in depth questions require financial models which are very hard to do on the site.

Financexaminer,Thanks for the in depth reply.If I were to look for potential investors, how would I structure this?

While is was worthy of comment, it certainly isn't for any in depth analysis, as I don't think I have ever heard anyone say...."

Trcey (or is it Tracey - I can fix it - let me know) - I'd suggest you'.your hubby read all the blog articles from Jeff Brown here on BP, as he goes into depth on the subject, and helps folks build their portfolio for retirement.I think you guys will find the info extremely helpful!

Emily, you have some good examples above of considering the 50% rule.It's something you can do in less than a couple of minutes, as fast as you can compute your PITI.I never used the 50% rule when considering properties myself, but when an investor was seeking financing from me it was an instant analysis that could tell me to continue with that loan application process or address the transaction in more depth with that investor.I suggest a little more formal analysis to use for an investment decission.

It should add value to the house though, because right now, 40' depth would be tough to do anything with.

I just don't want to pay the maintenance on fixing tile cracks every year.Anyway I will check out the Allure flooring more in depth.

Note: I tend to like a bit of contrast between floor color and cabinet color to provide depth.