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A quarterly update this year as we approach FIRE in Sept 2015...

Successfully rented out ~600sqft of our house for a little over $2500/month 12-month lease, tenants have moved-in. Spent about $15k so far to get the 2 units ready. We still have well over 2000sqft to live-in 4bed/3bath, and are now focused on getting the back 1/1 ~600sqft unit ready to rent, which will cost around another $5k. We plan to rent this 2nd portion out closer to our FIRE date, but I want it ready to show in August to give us time to find the right tenants. We are hoping to get as close to another $2k/month as possible. Then the remaining portion of the house will be for a close family member who will act as our property manager and pay a modest monthly rental payment. PITI is around $3700/month, so we will be cash-flowing perhaps close to $1k/month to cover repairs/vacancies/profit etc. This house is turning into a great investment for us.

My side business has kept steady each month earning about $300/month for about 3 hours of work. Hoping to keep this solid as a side income in the future, as I can do this work from anywhere in the world, as long as I have an internet connection. I could easily expand as well in the future, but want to keep this as low key as possible.

Then it looks like we are off to Europe for a year or more in September! Already booking various travel segments.

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whyohwhyoh
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