Still was perfectly willing to lose the bedroom to make a better house, though.Think of your target market.

Say I can't pay it, would that ruin my credit or would I just lose out on the deal and maybe lose the money I invested in?

But i dont want to lose my homes because i can make money with them.I am stated income from my own business (computer software) and limited to the hours i can work, most of my pain comes from sitting but i am very bodily able to do construction and labor.

Given your numbers, you will be getting a very low or negative return on investment.If you did not include maintenance wear and tear costs and will be hiring a private management company, then you’d be losing money on your investment.$20,000 (income) - $13,000 (carrying costs) - $5,000 (management fees) - $2,400 (maintenance costs for wear and tear) = -$400 net incomeIf you did include maintenance wear and tear in that $13,000 and did not hire a private manager, then your return on investment would be 2.7%.$20,000 (income) - $13,000 (carrying costs) = $7,000 net income$7,000/$260,000 = 2.7% return on investmentIf you did include maintenance wear and tear in that $13,000 but decided to hire a private manager for an extra $5,000, then your return on investment would be$20,000 (income) - $13,000 (carrying costs) - $5,000 (management fees) = $2,000 net income$2,000/$260,000 = .77% return on investmentYou’ll have to decide what kind of return on investment is acceptable to you.

I feel like the chance of losing everything due to being sued is much less than the risk of losing everything cause one had too much debt.I definitely agree with a healthy mix.

Ideally we'd sell this house, but we are still slightly upside down.My question is, should I risk losing a great tenant for increased rents?

She wants to know what we can do for her to save the house.She said that she had received the Lis Pendence in June of this year, so by my calculations (and according to FL law) she has about three months to figure out what to with the house before the bank takes it and loses all that equity.

@Levi Caron , using the 50% rule expect to lose about $165 per month.

'Don't Lose Money') but it is very difficult to say without a shadow of a doubt that you should only buy a certain property type and stay away from everything else.

It's easy enough and low enough risk (we definitely will not lose money) we're just going to do it.