When it comes to potential rents when going to refinance how do you determine if the new rent amount will cover the new monthly mortgage, insurance, etc price.

Actually, did have a potential business idea for the property as a rental for Daycare. 

On the first occasion, I reached out to a realtor recommended by a family member but was not able to get consistent engagement and the home that I was interested in purchasing went contingent before anyone could even get out to see it.

As for everyone else not local I look forward to the many conversations I intend to engage in with you all. 

My potential buyer has been interested since before my Dad passed away, haven't discussed this with them yet but, I'm sure they'll be ok waiting until I'm under contract on my replacements.

First and obviously you need to talk with your tax person about it or potentially lawyer is you think about LLCs the way Jay does.

I would include a business solution also, include the potential leveraging in this business deal. 

Depending on the situation there is a potential to save money and possibly get some back as well. 

My ideal property would be in the range of $500,000, offering 3-4 units to maximize the investment potential. 

Hi David - I used HallCPA for a Consulting engagement (about $5k) and found the tax planning support to be very helpful.