This takes a little more work, but it's the most fair and reduces the likelihood of tenants that squander utilities.If you choose #2 or #3, there are considerations:Start with an average.

I rent the basement and the DADU in the back for a combined cf of $3750, reducing my monthly costs (PITI + Utilities) from $5800 to $2100.

This would reduce his taxes and give him a steady income to live off for the rest of his life.Time to pull out your thinking cap and see if there's a win-win for all parties.

Turnover, damage to units, limited rent growth led to reduced returns over the long haul.The people I know with millions,tens of millions, or even more do not want to own a bunch of SFR rentals in low income areas.

So, get ahead of the curve by either pricing realistically, or reduce once or twice by a significant amount to get the traffic.

But I agree with the ARM recs… that gives me anxiety in and of itself.

You'll save far more in taxes and reduce headaches significantly, especially if you are growing fast!

I need to reduce my mortgage costs!

Long-distance Landlords typically let properties deteriorate or allow bad tenants to damage a community.A good PM watches your property, inspects the interior regularly, choose solid renters, removes bad renters quickly and efficiently, reduces vacancy, handles maintenance quickly, keeps your property at market rates, stays current on the laws, and much more.

Explain it was appraised at just over $406K and you factored in the condition of the roof and deck which is more than covered by the reduced price.