Yes, your rental revenue will stop during construction, but you could easily make your money back and pick up appreciation along the way.

Politicians like to get credit for creating jobs, here is an opportunity and it will also bring the city revenue through court costs win-win.  

@Philip Coiro check out Rabbu which is a free data source for revenue estimates.

The flip side of that is … raising rents will be the only opportunity to increase revenue and increase value over the next few years. -- How far will that really go; how much room do you have compared to competitive market rates? 

Do you mean the income from the rental being able to avoid paying CA tax on out of state revenue?

Looking for a good template for revenue and expense for a Vacation rental.

Does the bank take into account the revenue from the other unit when calculating debt to income ratio? 

So I would put all the data in excel.Deduct all your expenses from the current revenue.

A quick example:Property A currently on market3br/2ba$565,000 (it likely goes for 10% over ask, minimum, but for our example, let's stick with asking prices)$2,764/mo principle, interest, taxes and insurance (assuming 20% down and a 5% interest rate)$4,665/mo gross revenue (according to AirDNA, the STR rent estimate tool)-----------$1,901 cash flow (we're not accounting for any costs, obviously, but this is just illustrating the importance of bedrooms)Same Property (just two more bedrooms and one bathroom)5br/3ba$750,000 (again, it likely doesn't stay at this price)$3,669/mo all-in payment$7,671/mo gross revenue (according to AirDNA)----------$4,002 cash flow (again, no expenses)Basically, for an extra $900 in monthly payment you get an extra $2,100 in cash flow. 

I was thinking I can anywhere from 15-20% of monthly gross revenue until they buy me out of my original 100k.