It seems all the post I have read on here are older and I'm not sure if conditions are still the same.

Water submetering is more difficult with smaller properties; especially older ones. 

Hello,I am a new real estate investor based in Troy, Michigan, actively seeking potential cash buyers and seasoned wholesalers in the Metropolitan Area.

I'm under contract on an older-home. 

Hi Beth, I haven’t followed rental activity lately to really comment unfortunately but had read some comments a month or two ago about lighter bookings, but that was also the slower season too.

@James SillsPrivate money may be difficult for multifamily because the asset you are repositioning may need seasoning, a period of time to show that income/expenses have stabilized.

Hello Jonathan, welcome aboard, the community has everything you will need, from education, Q&A, and seasoned pros.  

Purchase price: $240,000 Cash invested: $84,000 Bought the unit as a Short Term rental for the summer season.

The main downside is the loan limits for a house with ADU match a single family, not those of a duplex (which is higher).Rent control applies to MF where unit is older than 15 years old.  

This is very common in Philly as there’s a lot of older homes and the city is working to gentrify certain neighborhoods.