My current investing game has been MLS based and using traditional/owner-occupied financing while I still can. I do plan to branch out later to be more creative, but for now, this works. Because I'm using and agent, I'm avoiding SLC. Housing prices are insane and multi-units don't make sense right now.

30 miles north is Ogden, UT. It's been a city that has had its share of economic ups and downs over the years. Housing prices have stayed relatively stable, but are now on the up tick. Ogden has a lot of rentals and the inspector I hired says the properties he manages there stay rented for long periods of time and have short turnovers when vacant.

Found a duplex that seems to make sense.

Here are the numbers:

legal duplex/converted home.

one 3 bedroom 1 bath side and one 1 bedroom 1 bath side.

3 bd rents currently for $500, 1 bd rents for $300.

Inspector said rents should be $700 and $550. My research supports raising rents.

purchase price $105,000

down 15%

owner/occupied 30 year conventional about 4% interest.

Mortgage only should be about $430, I don't have exacts on tax or PMI.

I'll raise rent to $650 on the 3 bed side and live in the 1 bedroom for now. Upon move out I'll rent out the other side for $550 and move the rent up on the 3 bedroom side when possible.

after move our $1200 monthly

It has a new roof and windows. Carpet and tile in the last 3 years. It was built in 1893. Inspector found no major issues. It will need the metal siding repainted and some cosmetic work. Furnace is less than 10 years old. Water heaters and near end of life. Not gorgeous, but everything seems to work. I do plan to stash a portion of rent to upkeep as it isn't a new house.

How does it sound? Missing any calculations?

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1893 Duplex in Ogden, Utah

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