The property would rent long-term for $2,500 currently.

-Ant Yes we are gonna rent the rooms out.

Much less transactional, but more lucrative and fun long term 

There is going to be short term volatility You can always buy real estate, but you can't always sell, as we are experiencing now.

Long story short, we've been renting out our Alexandria, VA condo since last March and our latest tenant just moved out.

Hi Melanie, depends on 10 yr note, could continue to go up slowly for next 30-40 yrs as it has done between 45-82 or 1890-1920, or down for 30+ yrs like 1920-1945 or 1982 until 4 yrs ago, if they have 25% down and long term fixed rate debt ( just got a 10 yr loan at 6.95%) and Cap rate >150 Bp above debt rate, they should do fine-assuming good local market, even if value drops 20% short term, it will recover longer term and should be ok.

We are purchasing a flip property in Cape May, NJ and the septic system may be undersized given the addition of a guest house to the property.

Once that amount is adjusted you'll have a loan payment updated based off of the rate and terms of the loan. 2) In you long-term expense estimates I don't see any assumptions for property management (7-10%), repairs/maintenance (7-10%), and vacancy (5%) so I would re-run your estimates based off of new expenses.

How long have you owned that property and how you need to qualify are two things that may dictate which direction you go!

How long have you had those two renal properties?