@Michael Nguyen I bought a SFH first because I found a good one that made financial sense.

@Nathan Frost typical for Detroit, that's why we offer our clients several security options, including removing & storing mechanicals when vacant and then reinstalling day tenant moves in.What makes you think the seller will install new mechanicals?

We just had $15,000 in fines forgiven on a home I bought. 

One land speculation I bought 4 acres in sonoma County CA ( wine country) in 96 for 27k it was unbuildable at the time ( could not get a septic system on it) Well city grew to us The Graton Casino comes in right across the street and we sold a few years ago for over 2 mil to a land assemblage investment company.

True story, I know an investor that bought a condo without reading the docs that he had intended to use as a rental and had to hold it for a year before he could do so.I've novated two condos and both times it worked out really well.

In 2021 I bought a 4 unit property as my first investment property. 

I recently bought my first investment property with a conventional loan, but the lack of W2s and living overseas made it a bigger hassle.

I just bought in Indiana last month given how bad the numbers are here right now.  

Purchase price: $271,000 this is the first property I bought, I put 0% down on this, it cashflows me about $350 a month. this property was a good investment, and I think I got lucky. my real estate agent found this for me as it wasn't being sold on market. truly a gem.

I have bought one.