Mortgage lenders will qualify you for a higher purchase amount for multis than they would on a single, because they will count the rent you will be making on the other units as additional qualifying income for your loan application.

The only additional thing we do is send them to collections.

There had been a recent addition of, call it, Landlord LLC.

If things work out, we'd like to have at least 1 additional property before the end of the year and have 8 in 8 years.

Incorporating a washer-dryer hookup in the main house could be advantageous.This addition not only increases the convenience for potential renters but also adds value to the property itself.

Along with driving for dollars, you might explore networking with local property managers—they often know distressed properties or landlords looking to sell.

I used the 75% rule on the income and added it and my DTI without the rental goes from 24% to 38%.Or does it just allow me to just take the net profit of that rental and add it to my rental? 

That kind of attention to detail can save a lot of headaches.Are you focusing on multi-family properties in SA only, or are you also exploring other opportunities elsewhere?

This doesn't replace the need for a MSA that will capture additional clauses needed on a Contractor-SubContractor relationship, this is just a project specific form you would use in addition to the MSA (prepared by your Attorney):This template is for informational purposes only and does not constitute legal advice.

Most likely a "discount listing" Owner pays realtor a small amount upfront to add it to the MLS.