Considering that $1 of rental income replaces $1.25-1.45 of earned income, I bet this is about equal to what she's making every year.

New to REI but aggressively seeking to replace job income with passive income from rentals.

New to REI but aggressively seeking to replace job income with passive income from rentals.

I do most repairs myself, which makes it odd in this case for me as it's not enough to replace the vanity, but is enough to refinish the vanity.

Please let me know how to do this.Jarod congrats, now please share the following info to analyze your deal Ill shoot back a quick review.Monthly Operating IncomeMonthly Operating Income: $Monthly Operating Expenses (Don't forget these are MONTHLY numbers)Property Management Fees $Repairs and Maintenance $Real Estate Taxes $HOA $Replacement reserves $Utilities paid by you if any $Pest Control $Accounting, Legal & Advertizing $Capitalization Rate and ValuationDesired Capitalization Rate %                 (if you don't know its ok)Actual Purchase Price $Loan Information Down Payment $Loan Amount $Acquisition Costs & Loan Fees $                 (Points, Title, Escrow etc)Annual Interest Rate %    

Have the ceiling fan replaced with a much more heavy duty one and wire it to the light switch so it goes on when the light is turned on.

@Charlie Moore  If the house burned down, the insurance should pay for replacement in which case you need to rebuild the home to the same specs.The only thing you could do is perhaps change the location of the house on the land and see if a second home could be built in the back half. 

As with the others, I’d keep the inspection - but make it clear in your offer that renegotiation will only occur for issues over $3,000 and does not include xx and yy (things you already know you’re going to replace).

@Ara Abrahamian @Jaysen Medhurst Yes, you can sell one property and buy multiple replacements.

Add to that after inspection we had to replace the roof for $3200.