Also when budgeting for vacancy I’ll be setting aside 10% of the total rents which my numbers show will be 3.5 months of PITI a year, assuming I have 6 months of reserves specifically for vacancies at all times and only 2 months of actual vacancy would I take the remaining 1.5 months of over estimated vacancy as pure Cashflow?

Ice, drinks, alcohol, snacks, propane, etc.Really sounds like a fun project. 

Initially going to be buy&hold, although a friend who was stopping by and watching the whole house renovation (and drinking all my wine) offered to buy it cash when done.

As the oft quoted phrase goes 'revenge is like drinking poison and waiting for the other person to die'.

@Fahadbin Alam I agree with everyone above about changing the rent that much is going to push out your renter and if you have a reliable paying renter right now you have pure gold.

Do you want purely cash flow, a hybrid of cash flow and appreciation, or appreciation with little cash flow?

I have a few questions regarding cashflow and scaling your portfolio as quickly as possible to generate 500k a year in pure cashflow the quickest way possible. 

I used to think that anybody who househacked and wasn't handling their own management was a born idiot, pure and simple.

I have a hard time investing in a house based purely on future appreciation.

@Phil Cecere If your question is purely a real estate question; is the right time to sell?