In addition to what Michael said-if you do go ahead with purchasing it, write in the offer that they can not rent out the vacant half, deposit from the occupied side is transferred to you at closing along with prorated rent and get a copy of the lease that has been verified.

The professionals listed have additional training and ethic standards that set them a part, however it is important to conduct your own research and properly vet a few property managements before making your decision. 

This gives you the percentage return on your investment.Consider Additional Factors: Evaluate other factors such as potential appreciation, tax benefits (e.g., depreciation deductions), location desirability, market trends, and potential for future rental rate increases.By following these steps and considering all relevant factors, you can make informed decisions when analyzing the profitability of a rental property.

During this waiting period, consider house hacking, where you live in a multi-unit property and rent out the extra space for additional income.

Purchase price: $12,000 Cash invested: $42,000 Sale price: $91,000 House has tons of features such as a rear master bedroom with master bathroom and a walk in closet.

The rental use alone won't create a position, but it isn't a bad additional fact to have.

Purchase price: $12,000 Cash invested: $42,000 Sale price: $91,000 House has tons of features such as a rear master bedroom with master bathroom and a walk in closet.

These gatherings offer great chances to network, meet other investors, and pick the brains of seasoned pros.Join Online communities: Think about participating in online groups and forums devoted to real estate investing in addition to neighborhood get-togethers.

If she wanted cash in addition to refinancing the current loan balance you could also look at getting a HELOC on the property if you have sufficient equity to pay her back her portion of the equity owed.

Should we walk away or do as he suggests and refinance in 8 months?