It could be one or more replacement properties and the amount needed to equal $655,000 or greater would be the purchase price plus routine selling/buying costs.

You don't want to come in and disrupt everyone's routines or you may find you are losing tenants.

Routine maintenance is roughly 10% of the rent pretty much everywhere.

The big national lenders have reputations for screwing up all the state-specific stuff on a pretty routine basis, which in addition to potentially screwing up your transaction, can actually harm the chances of your offer getting accepted to begin with. 

@Joshua T. in most cases renting out part of a single family to someone else wouldn’t be allowed by town zoning regulations.There’s a limited exception for disabled and senior relatives of the owner, but renting part of a single family out to a stranger Is generally not allowed.It’s possible you could AirBNB a room occasionally but the demand for that in a rural area might be small and you’d want to check with the town building department ahead of time as some towns have regulations regarding that.If you were asking about legally converting a single family to a 2F, that would be an uphill battle and especially in a rural area I would not expect it to succeed.If you were asking about doing it anyway even though it would be an illegal unit, I can think of at least three good reasons not to do that.First, if your tenant every does anything to annoy a neighbor (very common, some would say inevitable), it’s very possible the neighbor will complain to the town.

While I don't think they will be destructive I'd really like to avoid the constant calls for minor, routine house maintenance.

the key is at Langer we had deal flow .. you got a payoff there was something to go into literally next day.Our routine was to look at loans in the field in the morning then Jack would work the phone in the afternoon replacing payoffs.. when you got to his level it was a simple how you doing I have a Caster loan for you.. hows the kids and what not Boom done.. it was quite the education for me..

@Joe Villeneuve I’m going through everyday with the same blank minded routine, there’s no passion for what I’m doing in school but I notice everyday everyone else is doing the same thing, I want to break the cycle there is so much more to life then falling in this trap of college I feel like.

The Net Sale Price is computed by taking the Gross Sale Price of $230,000 and subtracting routine selling expenses such as real estate agent's commission, title fees, escrow closing fees or attorney closing fees, recording fees, documentary transfer taxes, 1031 Exchange fees, etc.

It interrupts my routines and I can't walk through the house nekkid if I want.