But if you have money to pay it down I wouldn't build up a stock pile of money in the bank that earns 0.25% APY when you are being charged 6.5+% on your mortgage.Unless you can find a way to earn more then the % on your mortgage.So you have the write idea...pay it down as you go and save yourself the interest and get free and clear faster if that is your goal.

To determine what rent you should charge, you need to determine what similar units in your area are renting for.

Can I get their house sold for them, not charge them anything, and make money on it?

No doubt someone will charge you a small fortune if you want to get rid of them.

Obviously it has to be a $ maker on top of green....Of course you'll spend a lot more on an full-tilt green rehab....but you can offset some costs by reusing some materials (the greenest practice of all) as well as charging more rent because of lower utilities and the appeal to a certain clientele...I also thought that there might be some political capital involved in rehabbing green...maybe even grants or sponsors....

Speak with whomever is in charge of lending (usually a VP).Go meet your banker in your finest clothing (you're a business man, dress like one) and put together all your financial statements.

I'd guess the P&I to be a bit under $600/month, so with insurance, taxes, and HOA charges, you're probably in for $900 or so a month.

I started at national chain, now at small local company because of the broker in charge.

No charge, and quick access.

The cleaning fee she charges me is an additional fee charged to the tenant when booking so it is not out of pocket.2) You can easily self manage if you have a person out there you trust as your cleaning/maintenance person. 3) I know it's only 10k a year profit - but in the long run it's paying for itself and in 10 years when I have it paid off, it's going to be 330k (more at that time) in equity - thats why I am doing it.