Additionally, do you all generally use a smaller income criteria if the rent is inclusive of utilities? 

Additionally if you're running an active business in the IRA the income will have to pay UBIT.   

Additionally, there have been many changes in commissions and how they may be advertised and structured in the summer of 2024.

Principal balance currently at 314kProperty Details: It's essentially a "2-in-1" property, with the main unit rented out for $1,900/month and an attached ADU bringing in an additional $1,200/month.

The 50% is rather deep a cut, especially with all the additional operational expenses not included into that 50%.

My goal is to live in the home during the winters, maybe 3-4 additional weeks for vacation, then rent it out to help cover the mortgage the rest of the year.  

They attract artists, creatives, and people who appreciate a vibrant urban lifestyle.Real Estate Appreciation (Historically): @Dan H. points this out with his bathroom addition.

Suggest you check in with him/her on this additional service as your attorney is already intimately familiar with the file and you can often give them pre-authorized amounts to settle on vs trying to squeeze all the blood from that turnip. 

Both properties have a substantial amount of equity that’s essentially sitting idle.Would it be a good idea to tap into this equity (through a HELOC, cash-out refinance, etc.) to fund future fix-and-flip projects or purchase additional rental properties?

Additional resources and tools via brokerage....