Since you’re considering converting the upper unit into a short-term rental, you may also want to implement strict rules around smoking or strong odors in your house rules to avoid future issues.

Short of that, it'll more than likely it'll be closer to 20%.

Now, in 2024, we're seeing $4,000 per month just on the main unit and $1,800 on the other unit of the duplex.Long story short, it's a long term play.

This has recently been causing a lot of people to go towards renting (no equity/wealth building, but more advantageous financially in the short run according to recent articles.)

Caulking a bathtub for a plumber is the easiest job he could charge money for, short of charging to lite a pilot light on a furnace or water heater.  

For 2023, since your property was rented out with an average stay of under 7 days, it should be classified as a Short-Term Rental (STR).

They purchased a 25-unit building worth about $4 million through a short sale for $1.7 million.

It might cause me financial harm as I have to sell more stocks and might pay short term capital gains vs long term capital gains.

It's usually someone with a high W2 income buying a primary then doing Mid-Term or Short-Term Rentals with an ADU. 

Highlighting features like “walking distance to top-rated schools” helped me attract renters even during slower months.Negotiate SmartlyWhile sticking to your legal rights is important, a pragmatic approach could save time and hassle.