Should have been $1200 and $600 for room.Gross rent: $2150Expenses: $1640Profit: $500 a month + free rent (savings of $1250 per month)$6000 profit per year, $15,000 savings per year = $21,000 extra in disposable income per year.Initial purchase price of $182,000 Sales price of $326,000After realtor fees and closing costs a profit of $129,000.

At the same time, paying the extra few hundred bucks a month out of my own pocket doesn't exactly sound like a great option either. 

The maximum number of financed properties that are permitted is based on the underwriting method, as described later in this topic.

Airports are a bit pricy and require probably about 800,000 government permits, so you might be trying to bite off more than you can chew. 

@Darren Day I would rather my mother take the $100K in cash at closing than get a few hundred dollars extra per month, assuming that he pays.

If you're looking to earn some extra capital on the side and want to only spend $3k-$5k furnishing a place as opposed to $30k-$50k rehabing one, I think this is a great option. 

You now have avoided the extra litigation and have saved yourself some money.

., but I might have to find a little extra time to do a little research on "For Sale by Owner" properties.Thank you! 

There are other comps that sold for 530k but have an extra bathroom, garage, and central air. 

My second house I purchased was again the worst in the neighborhood, and it included an inaccessible extra lot that served as it’s backyard.