The townhome has appreciated in value to about $350k (per Zillow and RedFin) over the few years I’ve owned it, so estimating $150k in equity, about 45:55 self to bank equity ownership.The townhome now has a leak that has lingered and gotten worse over the few months waiting for an insurance claim decision, ultimately being denied coverage so now I’m stuck with having to cover the entire expense.I’m also considering selling the property once it is fixed so I can take the funds from this 1 single family property in Houston to apply towards funding a possible multi-family property in Austin, TX.The quotes to fix are around $15k-$20k, which I’m not excited to just pay out of pocket, nor do I think I really can at this point in time.

Depending on location they can cost a lot to replace but when you factor in what you save from paying sewer bills it’s cheaper in long run.It would not stop me from buying a house

Or you can save $200 now and probably pay it later when you start having problems and need to figure out why.

The exiting tenants had 2 dogs and did pay a pet fee.

I’ve seen clients kick out 8-9 stair spindles just for fun.

@Bryan OjedaIf the business has been paying the debt for 12+ months, you can usually remove the liability from your calculations.Keep in mind that while DSCR loans don't always report to credit, THEY CAN.

Now you need to figure out how to find deals and pay for them.

I’m planning to update and repaint, maybe increase rent on one side to 3000-3100 while I live in another unit and replenish to legalize garage space.Monthly payment: $7033. landlord pays for water, everything else is separate.It just feels very tight in the beginning before getting ADU gets legalized. 

Most people prefer to buy and the past year rents are priced much higher then people want to pay. 

The additional savings exponentially pays for the small additional cost of a quality report. 3.