My plan would be to live in it for a year and then start renting it out. 

It’s a bit more advanced and can be tailored for medium-term rental strategies.RentRedi: This property management software includes features for rental price analysis, tenant screening, and rent collection.

Both units are rented with long term renters and they bring in $2450 a month.

The man currently living there is a retired wheelchair bound vet who always pays on time and so they have never felt right raising the rent as hes only living on his Army paycheck.House 3. rents for $800/m the loan will cost me $14,000 as a down payment and $6,000 closing costs, and should cash flow approx $225/m after mortgage payment are made.House 4. 

The last time the rent was increased was more than 3 years ago.

Hi Everyone,I am making a commitment to be more active on here, and going to try to post here a few times a month and also answer questions from my perspective for the younger investors.As the title suggests, I am a long time RE investor, have 3 properties 2 of which I rent out (one is cash flowing $700/mo , YES) I control 1M in assets, have about 250k in equity total.

There is a strong rental market in Sherman Texas so I imagine the rent could be more than $1,000 but the property is only a 2 bed 1 bath. 

There are some exceptions as to when you can get away with a single stair (full explanation below) but you'll see it is not easy to do.I actually used to live in/rent a third story attic space with a single stair, and as a tenant I thought it was fine.

Or they must find home in not a desirable area but the price to rent now makes sense to not buy home in good area but rent it.I am curious on math if rates go to 6% long term, where prices will have to be at a ratio to income.

Houses sell relatively quickly and rentals are rented before they hit the market.