My friend is selling his house and is open to an assumable mortgage.

IE - if any units are receiving Section 8 vouchers or other forms of housing assistance, Freddie & Fannie only look at the tenant paid portion of rent when determining whether or not the unit is Mission Driven @ 80% AMI levels.For example, let’s stick to the 2-bedroom $2500 Mission Driven 80% AMI cutoff example above.

BRRR/house hack/str/mtr/ltr.... leveraged equity building vs. cash flow).3.

He's an experienced agent. landlord, he has his own Airbnb house in Covington and he understands that part of NKY really well.

I decided not to go that route and start looking for a good PM in Kansas City to buy some cash flow houses through and manage.

Hello @Fulati,With that budget, I would look for houses in East Memphis, Cordova, or Bartlett.

Anyone in NWA looking to house hack a 4plex?

They are going to have a pool, possibly hot tub, maybe a snack bar, and be beach front. at least comparing to the PCB market, most houses in comparable prices to condos dont have those things and are not beach front.

Quote from @Tyler Garza: Deal :Duplex Home2 beds / unit2 baths / unit3,000 sqftAsking 300k60k downEst rent/yr - 31,2005% Vacancy20% Op ExpenseMortgage 240k assuming 7%Results: CF - 6,600Cocr - 11%Cap - 8%Looking at this for a buy and hold and trying to determine if I am analyzing this right@Tyler Garza I can get to your COC of 11% and cap rate of 8%, but since I don't know your loan payment or amort, I'm not sure how you got to CF of $6,600 - I'm getting arond $4,600.And a couple of things jump out at me with your assumptions versus most of my CFO clients: 1) a 5% vacancy rate and 20% Op exp margin seem a little low, 2) an LTV of 80% LTV (with a 7% interest rate) seems high unless you're house hacking, 3) Depending on the location of the property, the $1,300/month/unit rent may be low.

You can say houses are much more expensive today!