Having the income from the second unit essentially subsidized the equivalent of a $400-450k mortgage thereby saving me $200-250 on the purchase of our own place.

@John TeachoutThis is essentially what I was thinking.

Essentially rentals in Minneapolis are unable to screen new tenants?

My tax returns are essentially the same reporting as I would have if I generated financial statements, so I will use them as such if necessary.I actually have two PMs since I have properties in two states, but it adds no more meaningful complexity to my very basic spreadsheet layout.

I recently upped the rent to $900 so my cash flow will be good but essentially a year or so worth of profits will be wiped out by the repair.

Putting a washer/dryer in that closet will essentially enable you to rent to an individual or couple with the second room advertised as a den or office.

For those investors who do not know, essentially Opportunity Zone Funds purchase and develop properties in designated Opportunity Zones.

One of the biggest values of primary residences, in my opinion, is the homestead rule, which essentially says if your capital gain on your primary residence is 250K or less and you live in the home for 2 out of the last 5 years you owe 0 dollars in capital gains.

PM me if you'd like my services.As for AirBnB-ing a room, Hawaii recently passed a law that essentially made short term rentals for less than 30 days illegal.

Highest and best would be tear-down to build triplex but not for as long as Mom lives there.The Issues: A) It was built in the 20’s with pier and beam foundation and essentially no crawlspace.