You're required to live there for 2 years, but you're allowed to break that condition if certain conditions are met.

Investing with sponsors who have a proven track record and who prioritize capital preservation helps ensure that they will protect your investments and do what they say they’re going to do.Changing market and economic conditions are always a risk.

We get all new marketing photos/videos at that time as well.Every few years (depending on tenants and condition) you'll have to bite the bullet and let the unit sit empty while making it rent-ready.  

An exception would be if neighboring units around your property are very expensive and in pretty good condition.

Once you have the NOI, divide the NOI by the market cap rate (in today's market conditions, the cap rate will likely land between 6% and 9%, depending on the market you are in.

I looked at one of the estimators and depending on the condition/upgrades it came out to between $725,000 and $875,000 for a 4000 sq ft 3 family.We have multiple markets for the Dwelling Fire policies and when we change a client from Actual Cash Value (ACV) (depreciated costs) to replacement Cost the limits are what cause the increase. 

Bottom line: Regardless of whether or not you continue to rent to the same tenant, you will want to get the best return on your investment by keeping it in good condition, setting clear screening criteria, and renting at market value.

Plus, you’ll know the condition of your lines.This is a business expense and would qualify as a write-off, of course check with your CPA.

Even with our AWESOME agent, as you can imagine, this search has been difficult given the current market conditions.

For your CapEx, that can depend on the condition of the building you're looking at buying.