So it can be a double edged sword with this strategy as it helps you maintain and watch the property however the inspectors microscope every detail.Rental increases: Usually you'll want to add something to the property to add value to justify (appliances, doors, etc.)Sean recommended Mr.

The 2% rule seems to be intended to protect against long term expenses (carpet, painting, roof, etc) but if the cost of the home is so much larger than the upkeep expenses it should instead get back to a cost per square foot to maintain-- Example 2000sq ft * $3/yr = $6k/yr for maintenance seems much more reasonable then needing to go achieve the $18k/month route to suggest cashflow.

However, I need to further study my market before I'm willing to commit.I would love to talk to someone familiar with the St.

I could still maintain a normal 9-5 while collecting rent from the additional unit(s).

If a landlord avails themselves of the programme does it necessitate a commitment to maintain the property as low-income housing for a period of time?

First, I would study the zoning ordinance for the property to understand the appropriate uses (permitted by-right use, special exception and secondary uses).

I am serving in the military and have been studying real estate for the past year and recently have came across this community.

Providing your willing and able to spend it and maintain capex schedules, maintenance requests, rent collection, eviction processing, etc.

When your equity begins to exceed your closing costs  (as well as the extraordinary expenses that home owners absorb maintaining their houses) you've passed break even.

Revenue is based on 3 things: a- anecdotal evidence of 2 friends that have been doing this for past 1.5 years b- studying the market rates and availability of other listings on air bnb c- asking some STR management companies (i.e. turnkey) for their estimates based on the properties I'm looking at.I'll definitely admit, its an estimate.