Since just P&I on a 30 amortization, $280,00 base loan amount and 4.5% rate is $1,418.72 per month.- What would your upstairs unit rent out for, after you leave?

I only agreed to sell because Im getting divorced and need cash , my daughters tuition at Notre Dame overdue. 

I am hoping for feedback on how to best represent a major capital expense for a small apartment unit in terms of it's performance.

I only have 20 or so SFHs so I can easily manage differences. 

That's one of the reasons that you can't wisely go buy any home on the market and expect it to perform. 

Maybe there were, it's not really my area.I remember one court case where symphony musicians were not allowed to deduct the cost of their performance tuxedos, under the theory that those clothes were suitable for non-business wear.

He was cross collateralizing all of his performing rentals so he could do land development.

As a landlord, you want to have procedures established for each task you will be performing (rent collection, marketing, showings, leasing process, move-in day, move-out day, maintenance calls, utility switches...) in order to treat your tenants equally and fairly.

Hire hourly, give small tasks, and fire them FAST if they don't perform. 2.

If you have some addresses where you want to start this venture, an Architect can perform a zoning analysis.