Hi there, We are using the equity of our home as a down payment on a multifamily and we want a healthy cap rate.

He did mention that because of the air quality his health is effected and he will sue me, and how would I like it if my daughter lived in that house with bad air.

So again, I don't know Cleveland, but I just looked through BP, and there are indications that this is potentially a challenging neighborhood...https://www.biggerpockets.com/forums/48/topics/1151803-mt-pl...https://www.biggerpockets.com/member-blogs/4704/42419-clevel...If you include healthy capex in the expenses for this, it's close to break even, or maybe you'd net a little.  

You have a healthy budget and a smart strategy for the area (fellow NJ house hacker here)!  

We are at the top of the current rate cycle, so this is a healthy time to analyze if it makes sense for you.

If it is, that is a healthy amount of income.Is she getting any social security?

I think the business has changed and there is pushback against the traditional commission structure, and I think that's healthy.

Also a healthy chunk of our sales are cash.

NEW TENANT GIFTSHere's what we give new tenants.....Cleaning Bucket with Cleaning Supplies:white vinegar, baking soda, awesome degreaser, disinfectant wipes, carpet spot cleaner, magic eraser, all purpose cleaner, scrub sponge.Tote Bag with Useful Items and Tools:hand soap, paper towels, plastic garbage bags, toilet paper, toilet plunger, Zip-It (strip for clearing hair clogs from drains), plastic clothes hangers (6), shower curtain liner (good quality cloth one), laundry detergent, dish soap/dish detergent, cutting board, "Freeze the Grease, Save the Drain" kit, “Recycle” bag for collecting materials for recyling, magnet with our name and contact information, picture hangers.Refreshments In the Fridge (for move-in day): several bottles of water, healthy snacks, bottle of sparking cider with a welcome note attached.Larger items: Welcome mat, shoe tray.

If booked 25 nights, you would walk away with a healthy $4,250 each month.