You can go as low as 2.5x in some cases but NJ tends to produce enough traffic/applicants where 3x should be minimum unless property is over priced.

There are a ton of scammers, liars, and low-quality humans in the group.

Since you are using an FHA I’m going to make an assumption that you are putting a very low down payment on the purchase.

I want to create a GMB profile for a market I invest in, but I don’t have a physical office address in that state.I’ve been looking into virtual address services like iPostal1, but I’m concerned it won’t be approved by Google since they seem to have strict rules about virtual or P.O. box-style addresses.

We are in a very low tax bracket this year but should be 10% higher in 2025.

Looking to cash flow on low entry homes in some pretty nice neighborhoods close to where I grew up.

Success:  Signing a deal with First WatchFailure: Bought a retail condo, not realizing the low ceilings were such a deal breaker for a lot of tenants.Pain: A lot of turnover this year, especially in light industrialAha moment:  Mortgage note investing needs to be a larger part of my portfolio2025 Goals: Less Investing and more pickleball!

To list a few...Anyone who wants to increase their property’s income potential (and equity) and build new housing in a market that struggles with high prices, low supply, and few new construction.House hackers who live in their primary and want to airbnb an ADU love this strategy or vice versaInvestors who want to do both long term and short term benefit from having two separate units.Rental Restrictions on ADUs.Thankfully, Raleigh is very STR friendly and ADU friendly right now.

They keep rent low, give gifts and homemade cookies for Christmas, make upgrades whenever the tenant requests,  accept all the late rent excuses, etc.The truth is, your tenant is not your friend.

Quote from @Bonnie Low: Hey, Colin!