Because of the monthly cost, I need to be sure I can cover the mtg with rent from it or a different house.

How many months of payments will it take to cover the cost of adding a bathroom?

I think it would only be right, being they dont want the real estate, and you dont want to be accused of fraud by covering it up.

Will an umbrella policy cover mulitple properties?

Or does it just cover you if the tenant damages the property?

Due to the insurance increase and high taxation rents no longer cover all expenses...WHAT TO DO?

My down payment & closing costs are going to come from a HELOC on my personal residence, which will cover anywhere between 10-20%.

We would like to get some kind of loan to finish the restoration and continue renting the house at a higher price to cover the mortgage but it is still in probate.

There's also a whole chapter covering this subject in Stephen Fishman's "Every Landlord's Tax Deduction Guide," Chapter 6, segmented depreciation.I felt the same exact way as you until someone had a deep discussion with me.

You will get some cash from the upfront money the end buyer puts ups and the may cover some if not all the closing costs.Also, this is an equity share set up, so, you would get a share of future appreciation, if any.I have a couple of small projects I would like to offer in the Partner section, but, want to know if this is a decent return for just using some of your cash and your credit?