Both units are equal with 800sqft.Rents:Unit 1 was rented for $750, lease expiring end of April.Unit 2 owner occupied, my property manager expected $950 on rent, I calculated for $900.So for both units I expected to achieve $1800 in rent, and hoped for $2000.

Amazingly, he had been keeping the $400,000 in cash uninvested in the bank for almost a decade, and so after finally finding this out I was eager to help him get some return so that his money won't run out.My father is quite backward when it comes to using technology (e.g. email, internet), and also somewhat ignorant about real estate and rentals, and so my help in researching and transacting property purchases is crucial.

In the same area, semis are going to be cheaper than detached and assuming of course lot sizes and sqaure footage are equal, I wonder if buyers of high priced, fully renoed properties prefer design over actual dirt/lot size which requires maintenance, gardening etc.

These numbers come out to about $534/mo payments on that, which with your rental income equaling $750, you'll have around $216 leftover.

If they do cancel early you want to see an early termination fee equal up to 50% of the remaining lease.

Our group has a total of 4 equal partners and we have formed an LLC, however banks will not loan to our LLC for a single family home.

You want to change geographies.I think your situation is screaming for a 1031 all other things being equal

REALLY good tip on the water usage history.Yes you get to choose which lead inspectors you use and I can speak from experience not all lead inspectors are created equal.

There is a good chance I move into the property in 3 years (and an equally good chance that I remain living in my current city for a little longer and then move into it). 4.

Once you find a niche, having a mentor in that niche is equally important to your success.