If they had moved out without paying, what would you be doing?

Since multifamily properties in your area don’t pencil out, exploring out-of-state cash-flowing rentals or mid-term rentals (such as renting to traveling nurses or professionals) may be better alternatives.

Purchase price: $532,500 Cash invested: $106,500 I just bought a duplex on 3rd Ave on the Columbus side of Grandview and am planning on living in one side and renting out the other.  

It’s harder to BRRRR in the Tulsa area now due interest rates, you definitely have to buy at a great discount in order to be all in low enough toget all of your money out and the rents have to be high enough to still cash flow after all expenses (PITI, Mgmt, Vac’s, Rep/Maint, CapEx, HOAs, Util).Based on being “all in” $120K in order to BRRRR and still cash flow at least $300 mo:$120K cash out amount - at 7%/30 yr ($150K+ ARV)PI = $800 mo + Taxes $150 + Ins $150 = $1100mo PITIRENT would have to be at least $2000 mo- $1100 PITI- $200 mgmt (even if self mng, it’s exp for time)- $200 vacancies- $200 Rep/Maint & CapEx= $300 mo cash flow.

Is there a way to get the 80% of the appraised value out?

She's thinking of giving it to him out of desperation but doesn't want to since all the mortgage was paid out of her pocket.

Starting out, I was in the same spot, I had done a ton of research and knew quite a bit going into my first deal.

They have never run out.  

What made you move out of Rochester?

@Ryan Prichard one of the better options out there that can handle commercial properties, for what I'd consider a "low cost" platform is Hemlane.