I'd like to take this chance to introduce myself as a new Minneapolis investor.

Correct me if I'm wrong, but rental income isn't considered into the VA loan approval process unless you have 2 years property management experience.Thanks in advance for the chance to become part of BP member community.

This could be better than a rent concession because it is a built in rent increase.

You have the same chance of finding a lender to use by just being on BP

This increase is rents is now your cash flow.

I would either charge the tenant 40% of the monthly utility bills or get a estimate of a full past years utility costs and increase the tenants rent by 50% of that cost.

I would physically take home ~$200 more per month after all payroll deductions.Should I wait another month for my income to increase prior to applying for a loan, or go ahead and get approved this week as planned?

By making one side of the duplex a 3/2, will this increase my reappraisal value if I’m trying to do the BRRR strategy?

I feel like there is a lot of risk as is— adding more just increases your risk of damages.

Home of the perpetual double digit increase in home prices.