The one sticking point for me though, is the aspect of adding a kitchen.

The extra 900 bucks makes a big difference in the renter’s psychology as well as covering potential damage while the $75 a month is often not a deal breaker, especially if they intend to recoup it.  

I have been looking into House hacking a MF and my 2yr goal will be adding a few more doors under my belt.

Until Waco can find a way to add more jobs that aren’t service based (only added 1200 last year), then I expect it’s growth to flat line to decline.

The act of April 6, 1951 (P.L.69, No.20), known as The Landlord and Tenant Act of 1951, is amended by adding a section to read:Section 505.1.

We aren’t trying to earn a ton off of this, hoping to just do a couple nights a month for an extra $1,000-1500 a year that I can put towards our investments.

We have been fortunate, the demand has been there.We sub out laundry to a company, we have added dog parks, updated clubhouses, pools, fitness centers.  

It’s not always worth the extra profit for the headaches.I think at the end of the day, if you can get about 10% CAP in a B area you are doing well. 

I.e if we would be saving say $1,500 a month in rent over the course of 2 years could use that extra $36,000 in our analysis?

Pitch your offer knowing that most people will say no, but you only need 1 of these deals to come together each month to make yourself a good living.Run ads on craigslist, local facebook groups, and post signs around the neighborhoods to find your tenant/buyers.