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Forget about the gross and look at the net..Seems like some kinda vacation rentalI know a lot of people investing in these type of properties and don't care much about the income but focus on how they can enjoy the property themselves with friends and family.. 

I’ve found people could care less about my company name or logo if I have a good house they want to rent that’s all that matters.

I am surprised but people in SF Bay Area are still buying properties over $2M as if they don’t care about $30-$35K of property insurance plus the interest on the debt over $750K.

(Assuming cash flow was the goal when you purchased)I’d then evaluate the loans, balances, potential growth of said neighborhood and select whichever property has the lowest potential to earn over the next 5 years.That’d be the one I’d sell.Good luck!

"Pet rent" is a little more grey - the Residential Tenancies Act does appear to preclude such additional rent amounts, but the practice is widespread and, thus-far, the authorities appear to tolerate it.We only allow pets in select buildings: either ones where we have inherited pets and have yet to perform any substantial retrofit or where the building was renovated with pets in-mind.

Homes are clearly outdated and need things taken care of like lead paint, new windows, paint, etc. 

So if you purchase this outside of California, you must have your local infrastructure in place to help you take care of the property. 

Are you selecting maximum coverage?

The IRS does not care whether it is a conventional loan, private loan, gift from a friend, sale of stock, savings, robbing your child's piggy bank or wherever you have access to money.