I'll grab something quick to eat and come back to the shop to prep things for when the seller arrives.

There were a couple of bumps with the closing (the out of state buyer arrived to settlemt with no check), but it all worked out.

So in this case we arrive at the opposite answer - we want the loan on the rental and the personal home free of debt.

You want all of the money in your account before the guest arrives.

However, applying a simple probability cost to it (probability x cost of event) if I use assumed probability of the event as 63% chance for major (6.7 magnitude or higher) quake in the next 30 years (http://www.earthquakesafety.com/earthquake-faults....) and the $300k replacement value and I arrive at a risk cost of $189k. 

Whereas if you owed $80k on it, you'd cash flow ~$300/m instead, but for your outlay of just $20k, you'd only need 4-5 years cashflow in your formula to arrive at the same decision!

Some institutions will use rental offset for qualifying purposes, while other lending institutions will use 1.1 per cent debt coverage ratio, which is arrived at by dividing the net operating income by the debt service.

It is not set in stone but I am leaning towards arriving Jan 25th and leaving Feb 4th.

$82,669.16.Here's how I arrived at that.$1250 - monthly rent (you have to base on what it is, not what it could be)40% expense (some here would say this is overly optimistic.

So we arrive at 10:30 to the place and after knocking and entering the 1st apartment we find a couple still in bed, (after a long night of partying??)