See if it would be possible to either capture the property closer to $220,000, or see if there is any way that the rents can be raised with minimal expense on your end (may clean up and fresh paint can increase the rents from $2,200 to $2,400 or higher) or a combination of the two.

The one with a separate basement unit came to us in that configuration and I am contemplating "undoing it".Since those acquisitions, we have made a point to avoid basement apartments.In your situation, I would side with your husband and look for a duplex, triplex or quad on which to deposit your 50K.Down the road, if you look to move out of our house ... sell it ... or, if you are inclined to keep it, rent the entire house (w/ basement laundry & storage) for 1600 - 1800/mth.

"The house is freshly rehabbed."

I'm just curious as I've heard these can be very lucrative, but are you giving a huge chunk to the storage companies themselves?

I've done a dozen or two other partnerships in the multifamily space, self-storage, and single family.

Here are the stats on the house: 3 bed / 1.5 bath 1026 sqft living 5662 sqft lot Built: 1985 Brick exterior, wood floors, ceramic tile kitchen, newer dark wood cabinets, newer appliances, freshly painted throughout, new front yard, fenced back yard.

Looking to freshly install 8 zone hybrid heat pump; (The heat would come from a heat pump until it's 35 degrees outside and then the system would fire up a natural gas furnace inside the house.)Not exactly looking for high end but mid-range.Looking for ball park how much would it cost to install hybrid system with duct (for 2400 sq.ft house of split foyer style).** I understand the variables involved in this, just looking here if any one already installed it and have some idea about it with pricing **thankschris

They love getting the fresh eggs.

Any underground storage tanks on the property?

Some information from 6 or 7 months ago when we went over his expenses:Warehouse Unit for business parts & storage ~ $350 / monthAuto Payment - ~$300 / month (roughly 3 years in to a 5 yr loan)Auto Insurance - ~$50Gas - ~$200 (could be higher, drives a lot on service route and delivery)Utilities - ~$200 / monthCell Phone (which is also his business phone) - $75Food - no idea.Cable & Internet - I think he cancelled this, not 100% sure.My basic approach is going to be first, get an honest and accurate assessment of his expenses.