Love the tiny home movement !

Chip Chronister That is the problem.

My rent estimates come from a combination of MLS listings, rentometer, and common senseNeighborhood rank: BRent both sides out:3-1: $7502-1: $500Total income: $1250/moExpenses:Vacancy: $125/mo (10%)Management: $125/mo (10%)Maintenance and Capex: $187(15%)Taxes: $113/mo ($1362 for 2013)Insurance: $35/mo (Called a few companies and got an average for around 400/yr)Water, sewer garbage: $125/moTotal Expenses: $710/mo$1250-710= $540 NOIP+I: $377/mo ($72,375 30 years @ 4.75%)PMI: $78/moMonthly cash flow: $85Yearly cash flow: $1020Money invested:Closing costs: $3500Realtor Commission: $2250 (3%)Down Payment: $2625 ($75000 * .035)Mortgage Insurance: $1312 ($75000 * .0175)Total Invested $9687CoC Return: $1020/$9687 = 10.5%Live in one unit rent the other out:Income: $750/moMonthly payment: $603/mo PITIWater, sewer, garbage $125/moMy electric bill: remaining $22 will go towards my electric bill$750-603-125-22 = Living mostly for free may need to chip in on electric or water bill.Qualitative AnalysisMy goal for selecting this property is to live in one unit and rent the other unit out and live for free.

. $400Purchased at Sears OutletWhirlpool stainless dishwasher (new, tiny hidden dent) -- $275 vs. $500 Purchased at discount builder supply stores (Habitat for Humanity REstore, Seconds and Surplus, ShoptheBoss.com) All this stuff was brand new in the box. 4 brushed-nickel ceiling fans/lights -- $160 vs. $400ish2 brushed-nickel vanity lights -- $40 vs. $100ish4 24"x96" granite slabs -- $400 vs. $1,500ishUndermount sink $150 vs. $250ish660 sq. feet of handscraped engineered floating wood floor -- $660 vs. $2,000+40 sq. feet of glass mosaic backsplash -- $40 vs. $320ishCeramic tile for master bath -- free (I used some the people who sold us our house had left in the garage) vs. $200ish1,000 sq ft of FHA-compliant carpet installed with pad -- $1,100 vs. $2,000ish

Only down side is it is easily chip or dent if you're not careful.  

Pending local regulations and zoning restrictions, sounds ideal for a tiny house community. 

Not to hijack the thread, but I see you're in Eastern WA so I'd love to hear your thoughts on an idea I've got for a place in Leavenworth... https://www.biggerpockets.com/forums/530/topics/472419-should-i-build-a-tiny-cabin-as-a-str

Or a tiny home.

If your family has income, credit, money to chip in and you all get along well enough to do business together this could help you have more options.  

I would love to put tiny homes or container homes on the mobile home lots and then do short term rentals or maybe even vacation rentals.