I'd love to connect with you to gain insights into the local market, before making our first move.Happy to meet you all!

It's crucial to evaluate how the deal performs with the new mortgage:Updated Financials After Refinancing: Market Value: $459,000 Mortgage Amount (80% LTV): $367,200 Equity: $91,800 Interest Rate: 5% (30-Year Amortization) Assuming after 12months the rate will drop to 5%Monthly Expenses: Mortgage Payment (5% Interest): $1,971 (Now you are paying interest and principals) Property Tax: $260 (assuming has been increased with a 4% from last year) Utilities: $361 Insurance: $104 (+4% Adjustment) Vacancy: $166 (now after 12 months we can assume we have some vacancy at 5% factor on annual rent) Repairs & Maintenance: $166 (now after 12 months we can assume we have repairs at 5% factor on annual rent) Total Monthly Expenses: $3,028Rent Income after 12 months assuming annual rent increase at 5% : $3,323Cash Flow: $295$ per month 😊Long-Term Gains: $5,418 Principal Paydown year 2 (this will increase each as you pay off your mortgage $36,720 Property Appreciation (assuming 8% per year) $3,540 Cash Flow (this will increase as rents rise)Total Annual Return on Investment: $45,678 with just $ $22,789 remaining in the deal.

I would suggest finding a lender that treats your transaction with the same care and attention with which they would treat their own.

It has gained a lot of interest from millennials and Gen Z in the last few years in particular.

They are unparalleled and I gain so much from them!

And that you for bringing the proper spelling of Hazleton to my attention. 

@Dion DePaoliHard to put an exact cause to the big gains, other than we are students of our business.

So then Nick ask everyone who is interested to learn everything there is to real estates (he explained earlier - to secure your future you got to have knowledge which then you gain control and thus less risk - i thought that made sense) to now stand up and go to the back and sign up as seats are already filled.

I might also consider if i could turn the garage into a rental, or into an apartment for me, while renting the other place so that I'd still be on the property at least until I gained confidence in the tenant.

Recommended Long term rentals are the way to go at first, Medium term and short term are strategies to look into though once you gain your bearing.