Right now I own a duplex, I live in one unit and rent the other for $1400 per month.

They had the $20M in coverage, equating to $400k+\- per unit or less than half the $1M Zestimate.  

Even better if you buy 2-4 units, live in one and rent the rest - then repeat every 12 months.

This level of scrutiny drastically reduces the risk of renting to unreliable tenants.Realtors vs.

Expect to spend another ~$8K for that.If you are planning to close all-cash and bring enough cash with you for operating expenses and rehab, you are looking at a minimum capital raise of about $3M and that is for a cheap 32 unit.

The good thing about this is you can do a parent listing offering the whole place, as well as 2 other listings for each unit. 

I just don't have the capacity to respond to guests needs and run out and get something to staff the unit if there is a need or fix something. 

Those are desirable areas where a nice 3 bed 1 bath unit can rent for 1,200 all day long.Don't fall victim to the pro formas showing New Haven and Hartford to be these amazing places.

Living in one unit and renting out the others allows you to deduct 75% of expenses like mortgage interest, property taxes, insurance, and shared repairs as rental expenses, while the remaining 25% applies to personal use.

Im a medium sized operator - 46 units- and my typical deal has an ARV from 200 to 230 when its finished.