For an extra 20% +/-, they find the subs and workers, vette them, manage them, check their work, pay them appropriately...and they have the insurance and bond so you're covered.

That’s effectively a 9% return on your money, and now you can aggressively invest your income from your business and this extra money with really no risk at all.

My snow removal company only salts, no sand and given the cost I was going to switch companies but then realized in my northern climate it’s just worth the extra cost to have it done and over with especially after a tenant claimed a late spring slip and fall last year.

Pursue the numbers and in five or six years you'll have enough passive income that you can buy the condo that speaks to your personality and not sacrifice wealth.Buy the two- or three-bedroom house, rent out the extra rooms and let the renter pour equity into the property for you, freeing you to save for the next home purchase.

Here are my numbers for my primary residence:Purchase Price: $212,000 (2010 purchase)Amount Owed: $284,898 (2019 cash out refi to pay of student debt and extra for investments)Current Loan term length: 15 years (2020 refi to decrease interest rate)Current interest rate: 2.375%Estimated Home Value: $650,000+ (realtor suggested listing for $815,000)Monthly P&I Payment: $1946Current cash on hand for investment: $120,000My consideration: I’m considering refinancing to a 30 year mortgage and doing a cash out that will bring my new monthly payment equal to that of my current monthly P&I.

Yesterday, I got "good news, we removed our extra 2nd home / rental property hits, because we're so generous and nice!" 

Well worth saving that extra 20% and controlling who is actually in your property. 

To me, the extra cost and inconvenience of separate closings is worth it!. 

It will be cheaper for the company - and I will take extra profit and not a random landlord or hotel owner.It's important to say that I already own a house which I am living in.Now here are the questions part:What is the really best way to do it tax-wise?

I also wanted to add 2 storage sheds so that each unit has a shed they can store extra things inMy thoughts were that if we are adding features to the units/upgrades, does that mean we can charge higher rent (I was thinking $1350-$1500).