@Michael HoustonSo cap rates are for commercial properties so they have no use in 1-4 unit values.

The most concerning is that they allowed unsupervised showings on a vacant unit- something we were not aware of until serious theft had occurred.

I’m no longer house hacking, and all three units are rented out, generating a total of $8,200/month in rental income.

(The people running 500+ units or $100m syndications when the average BP listener (I assume) has 1-10 units and is worth $1-5M.).

I’ve recently undertaken to paint 3 units, two 2 bedrooms and one 1 bedroom.

Keep in mind that DSCR loans are how most investors have scaled. whether its residential DSCR or commercial DSCR at 5+ units. personally, i like them better. few reasons why:1. seasoning period is only like 10-30 days vs 60days going conventional2. seller max contributions DSCR is 3-6% where conventional its only 2% max3.

Now we have a mobile home park and are bringing new rentals homes, due to our local demographics.  

@Kyle McVay I self-managed my first 5 units and then transferred all new units to a PM.

I put the cash from the refi back into more mutlifamily units that produce more rental income. 

My mom lives in a nice house that she has paid off. However to save money when she had the house built, she left the basement unfinished--it is just studs, insulation, and windows/doors, plus plumbing in the foundatio...