The $30,000 will just about cover the entire mini-split installation and at the end of it the well have fully separated heating that the residents can now pay for.

I heard to get the ones with the backing to make for easier DIY install but have heard you don’t want to go too cheap also. 3. 

It would be nice to get rid of the $200 a month charge but at the end the numbers don't change much on total spent.

However, I have a lady that has been in my house for 4 months.

So our gross monthly income of $5000 - $3093 of EVERYTHING we need to pay each month = around $1900 in net monthly income. 

Easy to install.

He' looking to borrow $30,000 for 6 months at 25% to 30%.

I then divided the amount per item by the number of months of life left in them to get a CAPEX cost per month.I recently read an article by Brandon Turner on why sub-$30K houses will never make you money and he had put together a similar analysis on projected costs.Cheers,Helen

If they are renting for 3 months, treat as if they were renting for 3 years.You would just need a long term policy instead of the STR policy.

It would be a house where I could afford the monthly payment without renting by the room.