Now the rents have skyrocketed over the past year and we find we could be renting to a regular sized family for about $200 less than what we get now!

Use the "extra" income to build a reserve for maintenance, vacancies, and other expenses that don't happen regularly.

But then, you have to inspect regularly and become the couch police.

Keep in mind the other homes on the market may all be over-priced at the moment, which is why it's important to watch the market regularly and build a strong sense of what it's doing.

It's a regular response to help someone.

Hopefully you at least built some good industry relationships while going through this exercise.  

Then I get the prospective clients making 6 figures on their regular job but they're still swapping out doors on kitchen cabinets or fixing toilet guts in the evenings and can't see the forest through the trees yet. 

Ordinary/regular income: compensation for work or running a business, such as W2 or 1099s, as well as retirement distributions.B.

I only recommend this route if you are looking up a lot of properties regularly. 

If the house takes longer to sell, we aren't losing money every month on interest payments and can hold for the right sell price.Cons:We lose our regular stable monthly income and have to rebuild again (we have done this before - this would be our 2nd "bootstrap, build, sell" business)We lose our 5 year history when it comes to conventional mortgages and moving into a new home for our own family in the next 2-4 yearsThoughts / recommendations?