Our "regular jobs" are nurse practitioner and user experience designer. 

This house was a bit of a challenge given it's size and configuration but we have finalized a design and we have excluded the suite.  

Push the money into federal municipalities, state municipalities, and paying off your most profitable property in my opinion.Federal and state municipality funds are tax free investments, and mine perform in the 8-9% range, which means tax effective 11-12% range, equal to that of a decent cap return for real estate, plus they usually pay monthly.on top of that, the last thing the states and feds wont pay is their water, power, and sewage bills, hence why its a good steady flow of income.Also, it gives you three sources of solid residual income.

I am an architectural designer.

However if the tenant doesn't exercise this option the higher rent rate will still go into effect on a month-to-month tenancy.Your rent increase cannot be "unconscionable" (unreasonable) and you have the burden of proving that the rent increase is fair.And if you are interested in just how a judge is supposed to determine whether your rent increase was indeed fair:In Fromet Properties Inc. v.

This effects corporate and private accounting and real estate. 

It used to be an incredibly effective way of raising your score.

Therefore, we're thinking of offering both for-sale and as a 6-month rental over the winter, effective immediately.

Not to be nit picky, but it's easier to understand that your income is the same as cash flow after all expenses, your Net Operating Income ("NOI") is:PGI (Potential Gross Income @ 100% Occupancy)Less: Vacancy FactorEquals: EGI (Effective Gross Income)Plus: Other Income (signage, laundry machines, etc...)Less: Operating ExpensesEquals: NOINote: NOI does not include CapEx, Financing or depreciationWith a cap of 10% and asking of $455k, your NOI SHOULD be $45,500 (give or take).  

I am just starting in the real estate world and it has made my schedule busier and I struggle to make the most of my time and order my life to be the most effective.