Too bad you can't buy something owner-occupied, put 5% down with the best interest rate, live in it for 12 months (and fix it up), rent it out and repeat the cycle.Here's some other info you might find useful:----------------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

We recently came upon a small property and are seriously thinking about purchasing our first rental!

Aim to increase your Operating Income by acquiring 3-4 units for the next purchase.

They develop, they build, they finance, they property manage, they will have HAO, cleaning crew etc. etc. etc. so the subsidiary companies make money every step of the way.From investor perspective: The investor pay $15 K to reserve the right to purchase 25 multiplex over the year of next 5 years. 5 each year.

- Look into if property taxes are reassessed after purchase.

I am under contract to purchase a Quadplex.

The property is being purchased at 103 with an ARV of 375.

This growth typically drives significant appreciation, which is the key to making this strategy work.For example:Let’s say you purchase a property for $300,000 with 25% down in a market with an 8% annual appreciation rate.

Yes you can find properties which you will be able to purchase, but ROI will be near zero or negative. 

I purchased a single family to rent out the rooms and it sent my finical plan completely off course because I was not as ready as I previously thought.