The price and the rental income are good.

In other areas a home buyer house might be 250,000 and a buy and hold investor rental could be 200,000.

I'm looking to purchase my first property with my fiancé (both 25) with the goal being to establish our primary residence together, as well as giving me the opportunity to add equity/value via rehab before moving on and converting the property into a rental within a year or so to kickstart an investment portfolio.An interesting lead that recently came up is my parent's neighbor's house.

It gives you access to funds at a relatively low interest rate, and you can repay it as the rental generates income.

However, your mother-in-law is a related party to your wife.Given this, it's important to understand how the title is held on your rental condo?

Hi @Robert B Azimi,A home that has been registered through The Mills Act, can be rented out the same as any other property, and it can even increase rental revenue as there are people who really like the thought of living in a historic house.

It is common and customary acrossa almost all rentals except some A class office to pay your share of utilities.Now you can make whatever arangment you'd like and work it out however you want with your tenant but if you are going to "share costs" I'd suggest keeping the utilities in your name, and then "back billing" the tenants for that share of their usage, but again thats a lot of work for really no gain in my book.My recommendation would be to simply have the tenants pay all utilities. 

This, in turn, allows for higher rental rates or quicker sales, directly impacting the ROI.I could remember when an investor purchased an old, three-story commercial building at  a bustling downtown area.

Experienced managers can help evaluate potential investments by providing insights on rental demand, market rents, tenant preferences, and location-specific factors that affect leasing success.For example, rental properties need to be close to conveniences like major roads, shopping, and schools.

From what you wrote it sounds like the rental you own is your sole, pre-marital property.