You two currently make over $9k/month but your retirement number is only $4k.Are you sure you can reduce your income by over 50% and retire with the lifestyle you want/have now?

Maybe the reduced rent was in exchange for some work the tenant did.

If your plan is to use this to retire, why would you care if you only breaking even if you are reducing the principle balance for your future?

This will reduce the amount of time you need to sit around, and hopefully many people show up at the same time to create an urgency and competition.

That way not only is there effectively more hot water, and no possibility of scald, but you've reduced the possibility of Legionella infection of the hot water. 

Goal: Grow our portfolio and reduce our DTI by showing income from these investments.

You can get by with 3 residents sharing a shower but it's going to be a headache and you will need to charge reduced rents to keep those bedrooms full.

Does anyone know if most property managers reduce fees as number of properties goes up?

Is there any viable tax shelter that the two women can utilize to reduce the investor's tax burden?

Giving them a few options reduces the potential for losing a tenant because they can't/won't get one site set up and running.As a side note, I have an email to Google Wallet customer service that I'm waiting for a response on.