Sometimes some local areas have down payment assistance available that you could use on a duplex -- Looking for things like that might be smart too. 

Starting in Highlands neighborhood (or northside) which used to be a very rough part of town, is now the one of the top 3 most desirable are in the metro and this has slowly trickled down into neighborhoods south.I am an engineer so I love to base my decisions on data, so for example looking at census data, I like to look at % of high income earners in an area to gauge if I should invest or notFor 80204 which includes the neighborhood of Villa Park, in 2010 the % considered upper middle/high income was 4.2% of households. 2022 census says that now it is 40.5%On the other end is 80219 which includes the neighborhood Westwood which would have the lowest income area on my list, in 2010 Westwood had 4% as well, by 2022 it had 21.1% high /upper middle income earners.I have properties in both and tenant applicants are a wide variety (lower income folks on rental assistance to high income earnings wanting to rent in an area before buying a home) so its hard to put a property class in this area. 

@Jimmy Rojas A family member who failed to file taxes for many years reached out to the IRS and they assisted by providing his total reported annual income for over 7 years to make it easier for him to file back taxes (he couldn’t find his paperwork for most of it).

You have gotten some great advice already in here but I will touch on the guest experience portion and local partnerships.My tips for guest experience:Have a digital guidebook explaining everything inside and near by places to visit.Record a YouTube video of yourself touring the property and showing the details of working things.

Good afternoon BP family!
I apologize in advance if this question seems rather “foolish”. I typically operate within the residential space and have a few rentals. I have turned down a few apartment scenarios becaus...

I'll be happy to assist

As @Robin Simon noted this deal is going to be too small for most DSCR lenders as their min loan size on these are $250,000-$500,000If the property is not rural and you need to do a DSCR based loan, I have an option with a minimum loan amount of $100k however the rate will be in the double digits. 

Happy to be of assistance! 

However, if you prefer something more hands-on, a duplex could be a safer starting point.Ultimately, both are good options, but a 4-plex offers better long-term growth if you're ready for the larger commitment.If you need help with financing or analyzing your options, feel free to reach out, I’d be happy to assist!

, we rarely need to evict, and one of the reasons for that (other than a consistent 21-point tenant screening process) is that once the tenant recognizes that you are serious and have a consistent process in place they respond in one way or another.One more thing - I suggest you don't accept partial payments, as this can delay the process as well.Feel free to reach out if you have additional questions or if I can assist in any way!