BP fam what are your thoughts on my scenario -- I bought my primary home for $335k 2 years ago and have put about 40k in upgrades (new double paned windows, new foundation, new metal roof, rain gutters).

I'll be purchasing via a company who does the vetting up front and charges a flat fee upon purchase.

(Note: These are non-negotiable requirements) Other Incentive ProgramsSmall Business Improvement Fund: Best thought of as a storefront/small business rehabilitation program, this small grant program ($150,000 for commercial properties and $250,000 for industrial properties) is targeted for smaller renovation projects and can cover anywhere from 30-90% of the cost of remodeling a storefront facade, roof replacement, major systems replacements (HVAC, plumbing, electrical, etc.) or an individual interior space build-out within a larger building to get it tenant ready.

There were some red flags during the acquisition process but their PM team has proven to be flat out mediocre. 

You buy at a small price thinking high cash flow yield but then do not factor to renew tenant will likely want new roof, parking lot, etc. at hundreds of thousands of cost.

If you don't have a primary residence yet, I would highly recommend house hacking first.This is a great strategy to use low money down, get into an investment property, have a roof over your head and still keep a large portion of that inheritance. 

Hi John - We do have one property that will not be profitable or just about break even in 2024 due to all the unforeseen maintenance items:  pool heater, roof, pool fence, handy man over a dozen times, remodeling took 3 months instead of 3 weeks, etc. 

Total renovation roof to basement. 100% occupied section 8 rentals from two local agencies.

I am going to go and try and look at it tomorrow, peek in the windows, look at the roof. 

no pacific north west investing.and PM companies around here are 8% with 50% lease up if you're in residential space and around 6% flat for multi family oriented PM's 5+ units.AIO is for primary and secondary homes only (not for investment properties).