This is where most people start getting nervous. And, honestly, it's for good reason. Having good residents can make owning a rental house a breeze, but bad ones can make it a nightmare. Fortunately, there are practic...

I see that you recommend NOT having my mom deed the house over to me in order to borrow against it.

.$70k out of my pocket cash and sell the house when it is done for $360k to $400Kclosing cost $40k so 360 - 40 = 320 - 270 = 50K profit or 400k - 40k = 360k - 270k = 90k profitthe $360k is conservative for sale price chino hill ca.at least that was what i had bouncing in my head

But if you do have a house that sits in expansive soils and are susceptible to shrinking and expanding they can put pressure on the basement walls (exacerbated by frost/thaw cycles) and cause them to crack horizontally.

🚀 24-Hour Case Study: Free Co-Living Marketing Strategy That Generated 695 Contacts & 15 House Tour RequestsHey BP Community,Wanted to share a co-living marketing strategy we tested that brought in some seriously impressive results in just 24 hours—completely free.📊 The 24-Hour Results:✅ 695 New Contacts✅ 100% Email Open Rate✅ 15 House Tour Requests✅ 2 Applications Submitted🔥 The Strategy: Livingsmith Partnership Database ApproachOn Friday, January 24, 2025, we launched a simple but highly effective outreach approach to attract potential tenants and partners.

Great points, ZharaBirmingham has relatively steady and diverse rental demand, and I’ve seen many investors I work with have success with C/B class buy-and-holds.Location is key—areas near UAB, major employers, and popular suburbs tend to have the strongest rental demand, while C/D class markets offer solid affordable housing and Section 8 opportunities.

Other banks allowed us to do our own in house valuations.

I and my spouse are planning on buying a small multifamily and house hack.

Quote from @Daniel Tanasa: Hello Terry, If you're looking to find houses that are in pre-foreclousure you can use a website like www.foreclosure.com and you can get the list of properties and start marketing to them. 

You go out and buy an apartment house and then hire a property manager so you don't have to personally spend time on the property.