Now, I am comfortably covering the mortgage and making a few hundred extra in cash flow while I live upstairs with my partner in a 3 bedroom, 1 bathroom house.

You're getting more in rent per month, so if you want to take that first couple months extra and sock it away for just in case, I would do that.

Here's some extra credit homework for anyone interested in reading more: If approved by voters, St.

When I sell it, I will keep my mortgage on the property and owner-finance it to the buyers.This generates at least an extra $50k+ on the deal in interest, but even my own insurance company isn't sure how a claim would be handled.I HAVE to keep my insurance policy on the property according to my lender.

When asked they told us that closets, trim, and doors are normally extra cost during turnover painting.

I also have an t5i but the Ricoh you can put in your back pocket and works great for wide angle real estate, so it was worth the extra few hundred for me.

We could put the extra $200k back into the place in adding a laundry or converting a garage to a studio or other upgrades. 

Adding in an extra bedroom if possible?

I’d hire the structural engineer for a little extra money to be sure and call it a day!

Because of my lifestyle cutbacks, and now that I have some phantom cash flow coming in to pay part of the mortgage, should I cutback from 40 hours a week, to work on more productive things like the real estate investing, or should I keep working the 40 hours and keep putting the extra income away for a while longer?