It would reduce RentingFamilyMember's taxes if the percentage of mortgage interest and real estate taxes between Schedule E and Schedule A is different from the rental percentage.

Due to our lack of US income, a DSCR loan appears to be our sole viable option.

The dept of finance has my estimated gross income over 150k then what it really is.

Our taxable earned income from our employment will be approximately $85,000. 

Our idea is to convert part of the home to a Jr Adu and get rental income that will offset the expenses for dear dad and let dad live rent free.  

I plan to invest here soon and wanted to share some information about the market, rental income, or even general talk of the area.

I could pretty comfortably afford my monthly out of pocket payment due to income and help from my partner. 

It's crucial to understand the financials and market trends to gauge the potential value of a property accurately.One key aspect is the cap rate, which is a big player in determining a property's value based on its income compared to its price tag.

Operational Efficiency: What are the most effective operational practices you've implemented that have streamlined operations and reduced overhead costs?

I'm trying to evaluate if we should keep the property or sell it/1031 exchange into another investment, but I'm struggling to figure out how to do the analysis.Initial Purchase: $65,000 (Cash)Estimated market value: $250-270k - We'd clear $200-250k if we sold.Current Rental Income (after expenses): ~$1,417My gut tells me that we can leverage the proceeds into higher cash flowing investments, but I don't know how to do the math.