From an operational standpoint you might also want to consider the cost of any extra tax returns that are needed by the entity as well as any extra accounting fees.Good Luck!

If you pay that before the end of the month, the reported balance is going to be $0 even if you buy $5k worth of Christmas presents next week, because that float won't count until the next statement closes.

Which one are the "happening" areas?

Your current pictures are dark, it looks like the photographer is standing in the middle of the room taking a picture of the corner, and the angles are not attractive.

The Real Estate Rookie podcast is always looking for guests! 

Add in the principal paydown on the investment property which would be another 5k.

Thanks for the reply Tony.

Our house is in the R2 zone (4 blocks off main) and the process to transfer the permit back in March was a breeze.

There is a small park about a mile from the property, so I know the infrastructure (water, electricity, sewer, trash) is available for a build. 

My biggest tip here is work with the smaller companies.