Purchase price: $237,000 Cash invested: $11,850 Converted my primary residence to a Cash-Flowing Rental Property to a Section 8 Long-Term Tenant in a Class B neighborhood.Purchase in Sept 2019 Purchase price: $237,000Cash invested: $8,900Converted the Game room and Office room to a standard bedroom to make it a 6-bedroom 3.5 bath which increased the monthly rent from $2,400 to $3,215.

How Much Does AE Zoning Hurt Resale Value?

If you are shopping based on rates and fees, these answers should provide you the detail needed to make an informed decision.  

Then you can read a more in-depth book like The Book On Rental Property Investing by Brandon Turner or The Unofficial Guide to Real Estate Investing by Spencer Strauss.You need to get a firm grasp on two things: the ways to make money with real estate, and how to find deals that match your goals.P.S.

I’m set to close on a property in early August and am trying to make sure I’ve got all the correct paperwork/wording to make it all legit.

It started small, just helping to draft LOI's, running down property leads, making calls, but the important thing was just getting in and DOING it. 

What’s my best option to argue there.

Any profit you can make from STR will help with the mortgage, but it's a bad idea to count on the STR to make a certain amount of money if that's the only way you can afford the house. 

Welcome to the tribe!

The income potential for STR How did you find this deal and how did you negotiate it?