By leaving the basement vacant for "a few weeks" while the upstairs tenant "gets settled", you're giving up (assuming three weeks) $588 in rent.

For the homeowner who doesn't have the means to stay in the house, the lender's preferred option is an assumption, which is where somebody else who qualifies assumes the loan and resumes payments.

Even assuming the $180/$240 number is right, "deals" like that come along every couple of weeks when you're looking for them.all cash

Assuming that you ommitted these expenses on your other property, that 30% will become about 50% when you include the management, vacancies, and capital expenses.My only point is going through all of this is that all of these expenses do occur in the real world.

I assume you actually do know those items, though.

I've been in the market for a Boise-area short term lease (month-to-month, <1yr) and dropped by Faith Landing (a.k.a. your "Trada Caldwell", I'm assuming) this afternoon (15th).

This assumes you are talking about one unit building.

It is not my main concern I just wouldn't know what to ask for.Lastly I'm assuming I would still be able to do this with homes that are up home(Chicago) and doing it form down at school (Mizzou) as long as I was still able to find homes correct?

Jt, I'm assuming you probably already are aware of this, if it is an issue in your state, since you used a real estate attorney to set up your LO, but in WA state any lease contracts over a year must be notarized.

Actually that's not called investing either...assuming you have equity is called speculation.