Miles of bike paths, rentals, a water taxi, and many beaches to choose from.  

Formica counters looked to have a medium degree of water damage here and there. 

When using the Rental Calculator should I adjust my prices so that they reflect only one flow/unit of income and keep all my vacancy rates, cap ex, maintenance repairs, water, etc... all the same?

Option 1) buying in cash for self use 3 year cost/gainGainsestimated 2% property value gain per year on $200,000 (cash cost of house) = $12000losseshouse insurance per year $1000 = $3000property tax $2000 = $6000heat and water = 700/year average = $2100 lossupkeep of house = $3000 (3 years)total loss =  -$2100 (3 years) ------------------------------------------------Option 2) renting an apt/house for self use 3 year costGains $150/m maybe on $200,000 bank interest gain = $5,400 (3 years)Losses$1000 per month = $12,000 = $36000 (3 years) (no heat and water costs, no home insurance, no property tax though)total loss =  - $31600 (3 years)-------------Option 3) investing to rent out house entirelyprice of home $200,000 gain $12,000 rent per year at $1000/m = $36,000$12,000 % increase per year value = $36,000(at estimated 2% value per year increase)lossinsurance per year $1000 = $3000property tax $2000 = $6000 (3 years) $150/m maybe on $200,000 bank interest gain = $5,400 (3 years)heat and water = 700/year = $2100 loss (3 years)upkeep of house = $3000  (3 years) total potential gain $72,000 over 3 years - $19,500 losses Total gain =  +$52,500 (gain in 3 years)--------------------------------------------------I never really realized there was such a difference.

While I don't know the specs on your current rental a 3/2 pool home will rent for $1600/mo here easily.

My wife and I hosted a pool party last summer at our house and Roby and Beth and their children attended.  

Everything filthy, water damaged window sills, carpet is pretty trashed from pet stains.

The home needs brought into the 21st century, but has no major issues (new roof, new windows, good furnace, A/C, water heater, etc.).

*If they bought our land and house they would gain:plenty of frontage closer to the site..easy access for water, electric..If they want to run it.

I bought water based KILZ from HD upon the paint specialist's recommendation.I've doused the cockroach stains with full strength white vinegar to help disinfect.