Does that count as part of the house?

The ad lists the neighborhood, but only locals realize it is a C neighborhood.We are getting more than usual interest from people out of state.Prior experience tells me us that they can suck up a lot of time (want photos of everything, later move in dates, etc) and normally aren't in the final running.How do others deal with this situation without influencing interested parties and potentially crossing fair housing laws?

I don't count on any appreciation...it's just a bonus if it comes at all.

I would get a professional opinion on that too.Based on the figures you gave, you will be able to rent for more than your costs by $200-$500 (not counting vacancies or repairs).

We have made 38 at last count unanswered phone calls plus at least the same amount from the owners.

They seem like great people, and we appreciate their doing the labor to make the house "theirs", and we gratefully intend for them to have much lower rent for the foreseeable future, but we just want to be sure that the t's are crossed and the i's are dotted before we let them actually move in to what should be a "legally habitable" house.Thanks for any replies, and fyi we are in California.

Your roommate income doesn't count.

calculate you P&I payment as $413..you are looking at a cash flow of 1300-690 - 413 = ~ 197 very rough estimatetranlates to a 11.2% CoC return, not counting closing costs

- You should not count on anyone you don't trust 120% to decide if it is a good deal or what the After Repair Value it.- You determine ARV by finding recent sales of similar style, size and location.

BTW that building is very well taken care of and you can count on your dollars being put to good use there.