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Reply to "Can I afford this house?"
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[quote=Anonymous]OP. I have no plans to retire. I like what I do and have a flexible schedule. I’ll probably top out around $250K in a couple of years. My biggest concern would be if I can’t work from illness. I want to be able to house a helper if I need one, which I currently can’t do. I thought this seemed like an opportunity to buy my dream house and an investment property at the same time—the small wing of the house is readily divisible into a 2 story 1BR 2BA Apt, I would just need to install a kitchen in the LR. So I could depreciate part of the house and also deduct some expenses & improvements on taxes against the rental income. It does sound like a potential maintenance saga/money sink though. [/quote]
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