Buy and hold cash flow

[Duece Slade]

Hi everyone Duece here, I wanted to hear some opinions when it comes to buying multi family homes for cash flow. Is it best to buy without Tenants or with for the instant cash flow ? I would like to hear some opinions on this. And also I'm having a hard time figuring what strategy to use for my financing. I have about 20k to use and I have a credit score close to 700. I was looking into the FHA option or a conventional loan. All opinions are thankful

[Andrew Johnson]

Duece Slade Bottom line, either way there is risk. What I wouldn't want is for a unit to have been rented (multi or other) right before the property was listed. I'm paranoid (unfairly) and to reals of "tenant stuffing". If you do inherit tenants, don't can't on them to stick around. In my limited experience there's always "new management" and "rent raise" paranoia. So with the units filled you should really only plan on the benefit being stretching out vacancies over time. It's a little easier to handle turnover. But if we are talking about a duplex, I'd rather have it vacant. The mortgage hit wouldn't be as high as a larger complex. If there's a 20-unit that's completely vacant there's likely a whole other set of risk factors.