Unlike true multifamily, meaning the county or city has the property categorized as multifamily, you can't use potential rental income from the additional units to help you qualify (if the home is single family per the appraisal, that is).

In addition, in the African American Community, this is like the first or second generation where people can pass down anything.

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

Additionally, I wholesale deals and we buy & hold in SE Wisconsin.

After we gave him additional time to come up with the money (a mistake I know), he said he COULD pay, but that it would only be in cash (not in the lease) and we would have to come pick it up.  

Most times landlords don't have data or cannot adequately factor in vacancy time or turnover rate.

Oil prices remain a huge X factor, and housing prices (at least with respect to rents) are being held back by the most supply EVER being built and coming online here in 2024.

A non profit school program acquired the assemblage 30 years ago and built an infill structure and an addition in the rear.

In addition, I am considering changing my furnaces/boilers to have plug-in cords instead of being hard wired so that if there is a power outage in winter that I could power that heating system with a portable power station.

May I reach out to you with additional questions?