Often times the seller's market will fuel price increases.

As a side benefit, theyre easier & faster to install than a standard gas furnace in the basement.

Let me play devil's advocate and fill in some guesstimates for additional expenses, vacancy, etc.Rent 40,080 3% Vacancy/Credit Loss 1,200 OpEx:Advertising 300 Insurance (fire and liability) 1,200 Lawn/Snow 300 Repairs and Maintenance 2,400 Taxes - Real Estate 3,600 Utilities - Electricity 500 Utilities - Fuel Oil 1,200 Utilities - Sewer and Water 600 TOTAL OPERATING EXPENSES 10,100 NET OPERATING INCOME 28,780 Debt Service 802 CASH FLOW 27,976 Cash-on-Cash 7.44%I must tell you that I'm not a big fan of cash-on-cash as a metric, because it doesn't take into account time value of money -- it assumes just the first-year's performance.

You could then use such returns (the spread) to pay down your mortagage faster that way.

If this is a good investment would it be in my best interest to live on site and pay cheap mortgage or try to rent out second half and pay house off way faster?

yet another super close meetup I won't be able to make due to my graveyard hours :) Guess I need to just hurry up and replace my earned income faster.

When I started, a seasoned landlord told me that there is no faster way to become disillusioned in humanity than being a landlord – he had a ton of Junkers.

It makes me question why you didnt take control over the property faster.

It doesn't get any faster than that.congrats

They have minimum fees, etc so if you are only running one card/month not worth it - but with volume tenants will pay faster so the trade off is for $25 you could potentially get paid quicker by a lot of tenants and spend less time trying to hassle them for rent money.