However, if you’re unsure about future property values due to the unique nature of the property, this could pose more risk.What You May Not Be Considering:Financing Flexibility: Using a HELOC for repairs is a solid plan, but make sure the loan terms are favorable and the rates are manageable over time, especially with interest rates fluctuating.Vacancy and Maintenance Costs: Once all units are rented, factor in potential vacancy periods and ongoing maintenance costs, especially with multiple units.In conclusion, while the repairs are a big expense, the strong rental income potential suggests it could be a good deal if you manage the rehab costs well.

The potential to generate $9k in monthly rent from a $1.2M investment with the lower interest rates and building costs factored in makes for a compelling cash flow model.

An activity is a personal service activity if it involves the performance of personal services in the fields of health (including veterinary services), law, engineering, architecture, accounting, actuarial science, performing arts, consulting, or any other trade or business in which capital isn’t a material income-producing factor.7.

And the fact the new owner of the neighboring property also failed to do due diligence should not factor into your decision to keep, if still allowed by your state laws, what you presumably paid for. 

Distance from property to property could also be a factor.

They provide insights into the market rent based on the number of bedrooms and the address you input, along with some rent comparisons.There are many factors why a listing might stay on the market for too long, and one of them is pricing.

Given my objectives as a young investor, which of these regions—Upstate New York or Florida—would you recommend as a more viable starting point for multifamily investments, considering factors like market trends, economic growth, and property appreciation?

You still need to factor in those additional expenses.If you'd like help diving deeper into the numbers or need any advice on financing options, feel free to reach out!

Search for  (Henry Clark Self storage will they come).We use a factor of 6 units to 100 people. 

What would you say are the biggest factors when leasing a higher price home?