Effective rents, which exclude the value of concessions offered to prospective tenants, also declined by 0.2% during May.

My goal is get the place tenant-ready by the end of the year.

I know it'll significantly increase the value of the property by making 4 total units on the lot, but refinancing out of my 3.75% interest rate seems like a huge bummer.Thanks in advance!

This is because your rental income is NOT calculated as simply as taking the rent minus the payment OR by simply taking the negative number on your tax returns. 

Something that is a new build or recently fully remodeled you can get by with a lower number.

Originally posted by @Jason D.

But in Florida, we also have the "save our homes" 'grandfathering' where they can only increase the taxes by a certain percentage each year.  

By renting out one unit, I covered a significant portion of my mortgage, reducing my monthly housing expenses and easing financial pressure.2.

A lot of Trenton City is dense rowhomes side by side for blocks and blocks.

The payoff amount was updated by $10K, but I always planned to offer about $10K more than what was listed to cover my bases.