We do tend to know what appropriate rents are for the different times of year, although you can't hold to those permanently. 

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?

With an interest rate like that I'd seriously consider finding a way to hang onto it and rent it long term even after moving.My wife and I sold our first home in dublin OH in 2018. 

You will want to have properties under contract before bringing a contractor out to walk the place with you.If I were in your shoes I'd have a 30 minute call/zoom/coffee with a couple of local GC's now and come prepared to explain to them exactly what you are looking to do.For example when I first got started I was targeting single level, 3 bedroom, 2 bathroom, 1,800 square foot homes, with 2 car garages, that were sitting on 7,500 square foot lots, and that were built of block in the 1950s/1960s.

They have been managing fine, although not too busy, I guess because of the market.

I’d appreciate any thoughts.

I'd be heavily focused on mitigating that future tax liabilty rather than directly supplementing that income.

I'd love to help anyone break into the Huntsville Market! 

Hey @Tori Rhodes - As a builder myself here in Chicago that is a question I hear often.Before looking into your loan options, I'd look long and hard at the cost of land and construction in your Grand Rapids area. 

I'd like to think I have *some* advantage in that the newer units are asking $2450-2800 for rents, whereas I'm happy at $2k.For 3 years I've had not ONE tenant problem.