The gas dryers are more expensive to purchase in the first place, and aren't even in stock so a few days of extra lead time is needed to buy (assuming you buy new - I did that for the house I live in).Why can't you just have a 220V/240V line run into the area where the dryer would sit, so that an electric dryer could be used?

I really don't think an extra 7 days on market will matter.

You'd have to put down an extra-ordinarily large amount to hold the 50% rule.

It's worth at least 300k but unfortunately it is in a historical area in the "bay of refuge" and the house has been updated with some unpermitted additions (of staircases and an extra bathroom.)

I am looking for a way to make extra money in my "spare time" from home.

The truth is, the recent temporary extension of the payroll tax cut is being funded by a "small fee" tacked onto governemnt backed mortgages (30 years of extra fees for homebuyers from now on [and probably forever] to pay for a temporary - 6 months - payroll tax cut).

If they can't then they can cough up the extra dough to buy the property.

For instance, lease a large property near a campus for the son/daughter, then sublease the extra rooms.

I could incorprate these changes into the side to be renovated, but retrofitting them into the already completed side would be more difficult.I am looking to hear anyone's experience as to what the cost of a sprinkler sytem/ alarm system might be and if there are other incremental costs or regulations that should be anticipated that I haven't thought of.For the extra $500 per month income and some decrease in insurance costs, I am motivated to do this, but the regulatory hassels are less as a two unit.What do you think?

Based on my pay/allowance calculations, I want to keep my purchase price below $215,000, to leave room in my budget for renovations/repairs/taxes/unforeseen expenses, and will base my final purchase price on comparable rental properties in the area.After 3 years, I would classify the property as an investment property, and hold under an LLC - relevant laws permitting, I would be my own landlord.