We could sell the old house and net at least $175-200k (after costs of selling -- this is a hot market) and would put that toward the new mortgage (reducing our monthly payment and interest costs).Alternatively, we can rent it at an amount that covers mortgage, taxes, and insurance, but not much more than that.

I'm pretty sure that the cost to get this done is not cheap!

I'm curious to know what is the cost to build one?

One ended up in court costing close to $30,000 and the second involved a lengthy process with the banks lawyers and mortgage team to get the partner off the mortgage when they went AWOL and didn’t uphold their part of the deal.

House hacking in Austin is a cost-effective real estate strategy.

There can be big costs to join this group, but if you follow the system and need a lot of mentorship, it might be worth the investment.

The biggest pitfall is when a landlord tries to be "nice" - non-paying tenants are literally stealing from you, treat them like the criminals that they are.To calculate reserves for vacancy costs We average about 2-3% vacancy across our portfolio, I use 5% as the number for reserves.

If it has not been cashed, I would cancel the check and provide a new one less the cost to cancel the old check.

The higher HOA and insurance fees have made investing in condos more complicated and not look quite as appealing, but there are still condos that can be purchased and an owner should be able to cover the cost of ownership.

Your value is 395k and your loan at 90% to that value is $355,500 - what your current balance remaining is of 325k = $30,500 that is how much your line of equity might be minus closing cost. let me know if you still have questions.