@Jonathan Bolano if you are utilizing HML, then it’s not a cash deal.

Hi Mike,  Typically tenants pay for all utilities, except for a few rare cases where you will pay for the water.

And for the sake of conservatism, let's guesstimate that the total expenses of the property (maintenance, water utility, property tax, insurance, management, and vacancy) will equal 50% of the monthly rent, or $250/month in expenses.So, thus far, we would be earning $250/month, or $3,000/year.

You'll be paying higher insurance for short term rental property, cable/internet, lawn care,  utilities, permits and furnishings.

House-hacking has many benefits that one can utilize, so you should definitely consider it!

We separated and updated the utilities.

I thought about utilizing that property for storage space.

So, I would basically consider it an up/down duplex that does not have separate utilities.

Therefore we look out for their best interest as well as the help, safety and welfare of the public/anyone whom will utilize the space(s).  

Get those CCs paid down, and you'll also potentially earn higher credit limits on those existing cards (a good rule of thumb is to keep your utilization lower than 30% of your limit which, if done consistently, can boost your credit score).