So that leaves you with 1 extra month that you're really "sitting around doing nothing".

Let the non profits take on the extras so people help as needed then return to their own lives rather than build a bureaucracy that just feeds off of the system and does more harm than good. in many cases.

I want to create a little extra cash flow to supplement my military salary.

You could buy a 100 books but never learn as much as meeting and doing it with like minded individuals.

Back when interest rates were around 6.5% I talked to some Mortgage Bankers / Brokers and estimated that if we bought a $150,000 house with a 3% down payment we would be paying the same as we are now after PITI minus tax advantages plus the increased utility bill we would be paying if we had a yard and extra square footage plus maintenance expenses.

Anyway, we both allot our extra paycheck money to our business operations and marketing so that we can do a few deals to make the cash needed to buy and hold for wealth and cashflow.

This way the GC can easily bid out each part of the job, and get me a bid much more quickly than if he has to consolidate based on my "room to room" list of things to do.I'll then have my GC give me a labor bid broken down into the following components:- Permits- Demo/Dumpster- Foundation- Roof Framing- Roof Felt/Shingles- Siding- Gutters/Soffits/Fascia- Decks/Porches- Landscaping- Doors- Windows- Wall Framing/Sheetrock- Electrical Rough- Electrical Final- Plumbing Rough- Plumbing Final- HVAC Rough- HVAC Final- Kitchen Cabinets/Countertops- Bathroom Cabinets- Bathroom Fixtures- Interior Paint- Exterior Paint- Carpet- Hardwood- Tile- Vinyl- OtherOther could consist of anything from install mini-blinds to replacing outlet covers to installing appliances.This generally gives me (and the GC) enough detail that the job can be accurately estimated, and if things change (or surprises are found), we can adjust individual areas accordingly.This also gives me a good idea how much each of his subs will be making, allowing me to figure out what his profit margins will be -- giving me some negotiating help if needed.If your contractors have an issue with filling this out, try telling them, "My lender is requiring me to break it down this way in order to approve the loan."

If you use TurboTax, the software will do that calculation for you.I suggest that appliances you installed in the rental unit be depreciated individually and not lumped into a group.

I just want to bring up a website called http://www.campaignforliberty.comIt's Ron Paul trying to organize grass roots folks to run for local offices and espouse a platform of free markets, and individual liberty - pretty radical ideas in these times!

Diane,You will need to figure out what the market value for the home is right now and figure in a percentage to come up with your sale price.You can either leave the rent where it is or increase it $100 and tell them that the extra money will go towards the purchase of the home and it will help them with closing cost.