Maybe appliances too, depending....Make sure to add lighting, it's cheap and adds a lot - cans in the ceiling and under cabinet strips.Note: you will probably need to add a few electrical circuits.....current code requires a lot of appliances to have a dedicated circuit.

If you have 2 mortgages then you'll have to subtract the 2nd mortgage or HELOC/line of credit as well to arrive at your net rental calculation upon moving out.Once you've done the above you can be ready to purchase the new property and will have freed up all of your purchasing or borrowing power based on your 150k/yr income.Hope that helps.

I need a ton of help but mostly conservative costs projection to build a  5 home subdivision, average lot 1.2 acres, longest distance to run electrical wires, water lines, gas lines, sewer lines would be 1200 feet, install a double road, fire hydrant, 50-75’ driveway from road to each house, 5 street lights, cable.  

Unfortunately, for my clients with less purchasing power the current climate is making it extremely difficult for them to purchase a home that they can afford and at best, "like."

we still talk to this day.My uncle (a very good handyman) helped me to fix some minor issues, power-washed the place, paint the interior, and cleaned it up.2 months later I met a very good man whose family situation was hard at the moment.

we still talk to this day.My uncle (a very good handyman) helped me to fix some minor issues, power-washed the place, paint the interior, and cleaned it up.2 months later I met a very good man whose family situation was hard at the moment.

However factor in utilities because if it is in fact "raw land" you have to think about things like sewer, water, electricity, and gas. 

The tenant can just live there rent free and trash the place since no one has legal powers.  

That's a powerful lever to wield!

An inspector will look at the property and reveal any issues they see with mechanicals, roof, structure, plumbing, electrical, etc.