(Inspectors are generalists, so specialists are essential for plumbing and electrical issues in older homes.)Structural Concerns: If potential structural damage is spotted, hire an engineer to assess it properly.Be Diligent and Proactive: Old homes often require extra due diligence.

I don’t have any debt besides my mortgage fortunately or unfortunately however you look at it, and I’m not opposed to using my extra funds to buy down my mortgage but I’m afraid it won’t lower my DTI quite enough.

However, they charge extra for things like the Statement of Information (SOI), which costs $75, and the BOI report, which costs $90.

Removing a wall could add value to the home in theory, but for some rental areas, having extra rooms helps.

Even if they can rent your place for $250/nt all-in, can they afford the extra $2 grand+ to get there and back?

Don’t be afraid to reach out and offer value, even if it means going the extra mile in the beginning.

It's easy to obtain, costs very little, and doesn't require extra, on-going effort to maintain.

If they take an extra four days to vacate, that's $800 in holdover charges.

Combining this with tours or small events can add extra income.Lease Mineral or Water Rights: Depending on the area, leasing mineral or water rights can be a potential income stream if there are valuable natural resources under the land.

Try it in about 5-10% of the spots charging an extra $25-$50/mo (Assuming tenant pays for electricity at that plug.)and see if you get any bites.