In order to past this SS test, your appraised market gross rental income at 75% has to be more/equal to your monthly mortgage payment (PITIA).

The extra income from renting your current house would certainly help out regardless of what you decide to do and if you do your homework on a second house, it'll pay for itself!

Our annual fee is $275. 

Are you looking for immediate cash flow through rental income, or are you more interested in long-term capital appreciation?

It's total income for the year minus ALL expenses and hold backs.Of course you want to make sure you make enough in occupied months to cover vacant months.  

In these cities, your financial resources will go a long way enabling you to assemble a diverse multifamily portfolio and initiate a steady stream of income.

The majority of taxpayers are required to settle their tax dues by April 18 to avoid penalties and interest accruing on any outstanding amounts after this date.For those residing in Maine and Massachusetts, the deadline is extended to April 19 due to the Patriots’ Day holiday in these states.How to Request an ExtensionIf you find yourself in need of an extension, the IRS provides convenient options to make the process smoother:File Form 4868:Utilize your tax professional, tax software, or the IRS Free File platform on IRS.gov to submit Form 4868.Individual taxpayers, regardless of income, can leverage Free File for an automatic extension request.Electronic Payment Method:Make an electronic payment using Direct Pay, Electronic Federal Tax Payment System, or debit/credit card or digital wallet.When selecting the payment type, indicate it’s for an extension.

Once you have found out what their fees are, you need to find out how many months of property taxes you would have to pay as a buyer, then call your insurance company to find out how much your annual premium will be; there may be aditional fees in Detroit that I may not be aware of. 

By doing this, you can build equity in your new property while someone else pays the majority of the mortgage through rental income.

Normally (prior to the Corona age) the annual expected return was over 10% (net) and the average appreciation around 6% annually.Taking into consideration that the time to complete a project is between 1-3 years (depends on the size) and my strategy at the moment is to develop the project and to cash out, I am not sure that offering a preferred investment is possible unless I am using my own capital to finance interest distribution.Actually, I am exploring 1.