To be clear, its not 2% annual, meaning you pay only a tiny amount for the day or two you have it. 

There is room to move the stairs to a different location but without having done one of these before, had a few questions I was hoping you all could chime in on.1) What amount should we budget to install a new set of stairs with the correct run and rise for each step? 

I am doing mostly cosmetic fixes to a SFH currently. 

when our current primary residence rates becomes 5% we'll be break even but then we'll be paying the same amount of mortgage on the new property with tenants in the basement. 

@Brett RiemensniderTo make your 4plex better, know local laws, plan your spending, pick your renters carefully, fix important parts first, use strong stuff, and improve what really matters.

You could even negotiate into the contract that if the neighbors qualify you don’t have to pay the full leasing commission If needed some cash you could always do a cash out refi and take a small amount out.

And when it comes to alternative investments - I do invest in index funds, as well as some other stocks and a small amount of crypto.

Another thing to consider is that if it was your personal residence, you may be able to exclude some capital gain income if you sell it within a certain amount of time.Best of luck.

Generally, you'll need to put a fair amount of money into the lot prior to building the home.

I like the driving feature and the leads seem to have a decent amount of contact info.