The new investment earns $24,000 a year, but the mortgage + the equity loan cost will be $22,332—and that’s before you account for taxes, insurance, maintenance, capital expenditures, vacancies, etc.

In fact, JWB directly handled everything with the insurance and I got quickly the money.

Let's say I have 500k down payment and borrow 500k, and the monthly mortgage payment is 5800, and out of that, 4800 is mortgage interest, and I pay 2500 annually for insurance and 10000 for property tax, could anyone please let me know how much UBIT I would be subject to?

Hi Tim,There are several effective strategies and resources you can use to stay informed about future development planning in your area, without solely relying on attending city council meetings:City Planning Websites: Most cities have planning department websites where they publish upcoming development projects, zoning changes, and long-term planning documents.

The portion of your homeowner's insurance attributable to the rental unit can be deducted.Building a basement apartment can provide valuable tax deductions if you rent it out.

The insurance didn't bother asking or checking once for a smoke detector and whether it was operational.How would the insurance know there was only one smoke detector?

This includes minimizing cash flow as well as other strategies.  

I started with house hacking two properties (I'm a case study in the BP book The House Hacking Strategy) and now invest mostly out of state.Happy to chat about your goals.Best,Rick

What strategies should I employ in these negotiations to ensure the partnership is equitable and beneficial for both parties?

What types of strategies are you interested in?