I’d highly recommend trying to add in some small to slightly larger multi family (3-8 units) apartments as buy and holds to supplement your income down the road as you look toward retirement.

They know they damaged the unit beyond the reasonable wear and tear standard.

@Christopher Stewart Well there are people on here with units in Scottsdale probably high end so lets see what they say but new carpet seems like you rented it with this carpet that is what you get and it is dry there so not like you are suddenly getting musty carpet. 

Hi Rod, House hacking is an excellent strategy, and just got a lot easier as conventional loans now allow 2-4 units with only a 5% down payment.

Investment Info:Large multi-family (5+ units) note investment investment.

Investment Info:Small multi-family (2-4 units) buy & hold investment.

Here’s the situation:We own a detached home with 2 units, consisting of a legal 2-bedroom basement and a 4-bedroom, 3-bathroom upper floor.

My properties were making my original investment back in profits within 6-8 months max and I was able to reinvest my profits into the next property fairly quickly.In 2021, I got my second unit.

Most NON-QM lenders will allow for a 20% down payment for investors on 2-4 unit properties, as Conventional financing is 25% down for 2-4 unit properties. 

Investment Info:Small multi-family (2-4 units) buy & hold investment.