View report*This link comes directly from our calculators, based on information input by the member who posted.

View report*This link comes directly from our calculators, based on information input by the member who posted.Is it worth putting in an egress window in the basement of this property and building a bedroom to make this a 3 BR house?

@John JonesThe IRS will calculate the depreciation upon the sale of the property if you used it as a rental.Furthermore - depreciation recapture is up-to 25%.If you are in the 12% tax bracket - you will pay 12% instead of 25% on depreciation recaptureif you are in the 37% tax bracket - you will pay 25% on depreciation recapture

I bet it's a similar situation with the second. 

View report*This link comes directly from our calculators, based on information input by the member who posted.Hi, I am interested in purchasing this duplex as a rental property.

If so, can I have the other 2 members sign to personally guarantee the loan also which will then make me responsible for 33.3% of the debt in terms of calculating DTI?

I would calculate my purchase price based on the property's income and what I want to cashflow.

Your best bet is to do a Monetized Installment Sale.

I greatly appreciate any comments/corrections you have on my calculation!

I've used the Rental Income calculator on here, and it seems to be a decent cash flowing investment, however it appears I won't have any equity for a few years if I purchase it above asking price.