It took some time to find the replacement property but after we have completed renovations, our cash flow will have doubled, equity has grown and it will be easier to manage.Best of luck,John

If the floors are 5 years old so now you have to save double or $100 per month just for 1 item or be prepared to pay for it out of pocket.

The way I'm running the #'s is by using a "purchase price" of the cost of building the expansion and the "rent" being the incremental increase we'd get by adding in the bed and bath. 

That's actually meant to protect tenants by STOPPING landlords from cramming as many tenants into a property as possible.You'll need to check your local ordinances for any statutes you can use.FYI: Section 8 usually allows 2 people/bedroom, but they also allow two people to use living room as temp bedroom (sofa bed).

I rented a one bed apartment in Portland for 800 a month or so.. and used it 9 nights a month.. 

I bought three SFHs at 2.785% in KCMO area in March with 25% down, All are rented at double the mortgage payment.

The homes that I an acquiring are in the 3-4 bed and 1,200-1,600 sq ft range.

We are renting out the 3 bed 1bath and living in the 2 bed 2 bath.

@Noah McPherson you manage BRRR financing the right way by paying cash for the asset, doing the rehab in cash and taking out a loan after.Far to many things can go wrong on a BRRR for a high interest rate HML.If you don’t have the cash to BRRR, buy a low risk double… wait 7-10 years, refinance, take a HELOC and BRRR with your own money.Tried and true formula to safe wealth building.

The bottom unit is a 3 bed 1 bath and the top two units are 1 bed 1 bath each.