That's sweet. 5) Who is paying for water/sewer/garbage? 

Looks like a sweet deal, but don't forget to pay yourself for contracting work done when you crunch these numbers.        

Sweet.

Bright colored envelopes and short and sweet content is the way to go.

Maybe you could add a wine cellar downstairs or a basketball court in the backyard while your taking their requests to renovate the property .

So far it's been working great...covers my monthly nut so basically living for free.Right now I have about $360k left at 4.3%I have about $170k in cashWas thinking to use some of the cash to either invest or perhaps pay down some of the mortgageBut...this sweet house for $650k came on the market - it also has a main living area and a carport that can be rented out for $1500/mo or so.So I'm thinking if I deploy 20% into that I can live in the 2nd house and the cashflow from the other house + side rental should cover it all.Do you think this is a good idea or given how hot the market it is would it be safer to just pay down the first mortgage first?

@Jeff HsiehOh Sweet, if you're paying cash than no worries.

It’s already fixed up as of pretty recently, but the owners of it would probably give us a sweet deal, most likely.

Makes it hurt a little less, even if they don't call you in the morning but you are still whispering sweet nothings to yourself. 

That is a pretty sweet deal if your skill or your time is limited.