You may want 4000-5000sqft with lots of upgrades for the house you live in, vs you may want much smaller house, maybe 1/2 that size and basic upgrades to keep rents low on investment property.Just some thoughts.....happy to discuss more with you.

Deposits are refundable, fees are not.We charge a traditional deposit, then a monthly increase to the rent based on type of animal and size.

If this leads to a net loss in your schedule E, then you will be able to offset a portion of that against your W2 income, provided your income doesn't exceed a certain level.

probably spread sheet address, lot size, # of units & breakdown, income,  expenses, current mortgage payment. 

And since the loan principal pay-down is $10,378, I'd have a return of -$5234 and a total ROI of -19.5%. 5 unrelated people can live together, so no issues there.Price of the room will vary based on size and whether it has its own bathroom.

Competition is reduced as many aren't even looking at that size deal.

FYI to all my STL investors who own a home with less than 20% equity and paid PMI in 2021, here's a quick reminder that a portion of your MI premium is tax deductible if your annual gross income for 2021 is at or less than $109K.Better yet, those who make $100k & below can itemize 100% of MI premiums for the 2021 tax year.Keep your money in your pocket, people!

Also, pulling out cash during the refi now instead of later if you decide to sell it allows you to avoid paying tax on the portion of the money. 

I like to spread out my capital gains tax over time, as do a portion of other landlords. 

Looking at a property located in Knoxville, TN that is about 30 years older than similar houses in size, bedroom, and baths.