Here’s my situation.Montgomery AlabamaPurchased my first property for $107k with the intention to rent it out eventually.

So this would be 2 tiny homes + land, fully rented out. 

We live in 1 unit and will rent the others.The issue at hand is that one tenant has/had a verbal contract with the previous landlord (they are family). 

Prices are just to high relative to rents and incomes.

They rented for a year. 

The 3.5% would be due with the first months rent before move in.

So I have been looking a wholesale properties to remodel and rent after.

My thought is yes because that was time spent renovating the property to prepare it to be rented. 2) Do hours logged include time spent driving to the property to perform renovations and re-stock supplies?

Market rents from the appraisal and/or the actual rents need to cover the mortgage payment, property insurance, taxes and HOA (if applicable).4.

I need help deciding if I should keep my primary residence and rent it out or sell it and then move into a new one, I have already done a cash out refi of 60k if we rent it we would get 150-250/ month profit not counting cap ex and if we sold we could get 5k-20k property is worth 250-280 ARV , the property has brand new roof hvac and hardwood floors with in the last year or two we will also be using va loan to buy. ps my wife wants to sell and I want to rent it out