Are there any house at that price point that would rent for $1200-1500/ month with 20k worth of updating?"

For example, maybe you will get to 10, 20, 30 houses and then find an owner who has a large portfolio and all of a sudden you are at a high door count and now need to hire, need to build your policy binder, and all the other stuff that comes with running a business.

Property TypeUnderstand the different types of multifamily properties:High-Rise: 9+ floors with an elevator, often urban.Mid-Rise: Smaller than high-rise, usually with elevators.Garden-Style: Low-rise apartments in suburban or rural settings.Walk-Up: 4–6 stories without elevators.Manufactured Housing Communities: Mobile home parks where land is leased to homeowners.Special-Purpose Housing:Student Housing: Designed for college students.Senior Housing: Dedicated to older adults.Subsidized Housing: Affordable housing supported by rent and income restrictions.3.

I am under contract to buy and flip a house that I am paying $615K for. 

Many people buy a house with a FHA loan and then turn it into a rental but it doesn't mean it's always allowed.

I bought a duplex house near Scranton this past year and it is rented out . 

Because of the relationship between lower housing prices back in those years, and how rents have increased since, we have good cash flow on our portfolio.  

It was a typical house purchase deal.

You are renting a home and not just a house.

Purchase price: $160,000 Cash invested: $40,000 Sale price: $268,000 I bought my first house in Kalispell Montana as a long term investment and possibly a rental.