Quote from @Unal Baris Kancoglu: I bought my first multi-family home in 2024, and I am living in it.

Deduct NEW property taxes after you buyDeduct home insurance costsDeduct maintenance percentage, typically 10%Deduct vacancy+tenant nonperformance percentage(we recommend 5% for Class A, 10% Class B, 20% Class C, good luck with Class D)Deduct whatever dollar/percentage of cashflow you wantNow, what you have left over is the amount for debt service.Enter it into a mortgage calculator, with current interest rate for an investment property, to determine your maximum mortgage amount.Divide the mortgage amount by either 75% or 80%, depending on the required down payment percentage - this is your tentative price to offer.If the property needs repairs, you'll want to deduct 110%-120% of the estimated repairs from this amount.Be sure to also research the ARV and make sure it's 10-20% higher than your tentative purchase price.As long as the ARV checks out, this is the purchase price to offer.It is probably significantly below the asking price.

My husband's family is from there and we go visit them often from our home in the suburbs of Minneapolis. 

Hey Nicholas, I’m an investor and realtor based in Indianapolis, and I’d love to help you explore opportunities here.

We're based in Tampa and, in addition to personally investing, I own a mortgage company that provides financing for tons of investors.

-based investors.

Hey @Robert Ellis, so I have no performance data for you on this topic, but you can try and scour AirBNB and VRBO in the areas you are building and see what other homes are bringing in.

@Rami Refaeli I am on the Fort Worth side of the metroplex but the company I work for is based in North Dallas.

You can work with a local credit union that does HELOCs, Home Equity Lines of Credit or Loans, on investment property.

@Danth Aman I'm assuming you're doing a general home inspection?