I assume there’s policies out there, but I bet a requirement is every single worker and sub will be required to be fully insured on top of licensed, including workers comp.

This cash flow is net of all property expenses, including loan, if any.

That GRI does include income for cleaning, taxes etc. though normally, which is really pass through expenses for the most part.

If you're currently in a 1/1 and intend to add an extra bathroom while using it for Airbnb, it seems like you'll also need to include an additional bedroom.

At the moment, this house loses me about $1,000/month with my living in it, but once the basement is finished, which will include a walkout and kitchen, and my interest rate matures later this year, this home will bring in about $287/month without me living in it.Soon to be 5 bedrooms, 5 bathrooms, 3,822 finished square feet.

It's important to address her fears and hesitations, which often include things like getting phone calls in the middle of the night from tenants, having all of your spare time taken up, what happens if a house burns down, etc. etc. etc.

People can list properties for whatever they want, including those listed by a realtor, it doesn't mean that it is worth what they are asking.

I am 59, and my household includes my wife and two adult children.

At the moment, this house loses me about $1,000/month with me living in it, but once the basement is finished, which will include a walkout and kitchen, and my interest rate matures later this year, this home will bring in about $287/month without me living in it.

Purchase price: $58,000 Cash invested: $35,000 Sale price: $145,000 Total cosmetic rehab including, interior paint, exterior paint, new roof, new flooring, new tile in shower, new fixtures and painting basement.