I recommend you focus on meeting that limit right now so you can legally close this tenant's account.

She did not qualify for the new loan without using the rent of the old house as income.   

An outsized percentage of them are guys who never quite made it in the trades and decided to get their home inspector's license to supplement a not-so-steady income from other sources.

@Eric DeNardo thanks for the replay.AirDNA doesn’t necessarily account for property type. 

In addition there are a wide range of grants HUD supports in most cities to improve a property to rent to low income people.Perhaps the best decission in looking at section 8 and low income rentales are the larger assets of using the contract incentives and special financing programs that only exist to those who provide services and employ your tenant that you could benefit from.

Setting up and maintaining an LLC involves costs, including filing fees and potential legal or accounting expenses.

There are plethora of landlord platforms that force you to use their own 3rd party banks to deposit rent and charge $2.5-$5 per transaction to directly ACH into bank of your choice (ex: I love Chase Bank). I'm honestl...

But because they qualify for the 121 exemption their account reconciles that with the taxable boot and not tax is due.If their sale is for $1 mil and they take $500K out in boot then their reinvestment requirements becomes $500K because they already took $500K of profit out.I'll reach out via pm to explain more fully.

Doing so, with preliminary numbers, would reduce our monthly income by a $150 or so since we would have a mortgage on the cash house plus the new house.  

At $1500/mo, and assuming a 40% operating expense ratio, you're looking at $10,800 in net operating income (NOI).