A tree whose roots are growing into a sewer line does not give a damn about the participants of the sale's sunny, can-do personalities, current mortgage rates, or how sweet 100 Baby's Breath Lane's cash-on-cash return looks on paper.

Underwriting insisted they occupy the larger unit, because it was the 3 of them, mom, dad, new baby and they couldn't legitimize the fact that they were currently renting a 3/2 home prior to their purchase of the 3 unit and down sizing to a studio.

hi everyone, this is my first time posting to bigger pocketsi am an airline pilot in my mid 30s and looking to create a new life for my wife and myself and our baby on the way. i have dove deep on BP and been scouring the bookstore and the podcasts and learning as much as i can about investing in real estate. we currently live in a 1b/1ba home we own, and no longer owe any debt. i bought it for $120k in 2015 with 2br/1ba, met my wife the next year, she moved in and we gutted it and rehabbed it ourselves (aside from some structural flooring stuff and the final electric and water connections) and blew the tiny bathroom out into the adjacent bedroom, making the house a 1br/1ba. we did all the framing and flooring, paint and drywall and fixtures ourselves. we plan to add an additional bedroom or two, and possibly another bathroom, in the unfinished attic at some point. i was granted a HELOC for $120,000 with my local bank after it got reappraised a month ago at $163,000. i think we spent around $25,000 on the rehab so i'm feeling pretty darn happy about the situation. obviously the covid exodus from boston and new york have pumped real estate prices but we dont really plan on selling any time soon; but possibly renting it out if i get relocated for work.i am trying to find my first investment deal, and my wife and i have narrowed down our plan to aim for a rental with cosmetic rehab and solid tenant base. we thought about house hacking. i'm not sure of where i'll be sent next with work, but i will be sent somewhere else soon. our local market (vermont) is not very landlord friendly so we are looking at long distance, self-sufficient rental as our first investment. i am leaning toward student rentals, and after searching and comparing prices and stuff we have chosen to focus on a few different college town markets in the TN, KY, WV region. i have found a property i think might fit. its a triplex with three 1br/1ba units and off street parking, split utilities, w/d in each unit, located a half block from campus. it seems in decent shape, its been on the market over 200 days, and is listed at $190,000 in a market i believe i can ask at least $750 per unit for rent, which would bring my cash flow to near $1000/mo if i used the calculator correctly.what next??

Young 26 year old couple with a baby bought it. 

@Theresa Harris I should mention that since the birth of their new baby they have: 2 parents, 1 teenager, 3 kids under 3 yrs all living in a 2bd/1ba duplex.

She said she used to be able too the last couple years but not anymore.

You get to come in to a business that's running and already profitable and concentrate on growing it.Buying opportunities are everywhere right now as business-owning baby boomers are hitting retirement age in droves. 

Hey @Jeremy Rosner, I think one of the best ways to get out of analysis paralysis is to start taking baby steps. 

KB Home, as it’s named today, began by developing starter homes for baby boomers in the Detroit suburbs.

I would consider hiring a property manager too. The