Engage professionals to inspect major components such as the roof, plumbing (including sewer lines), foundation, drainage, electrical systems, HVAC, chillers, boilers, termites, exterior walls, balconies, stairs, rails, and concrete.

A good friend of mine just helped a client get a duplex in South Philly.

I’m torn between building 6 duplexes or a bigger building instead of multiple duplexes.

@Matthew Porcaro congrats bro🔥🔥.I did not to far from the same.House hacked a triplex with my lady, then she got a duplex that was house hacked and bought time we was done we was able to pull equity out of both and buy another rental and our dream home that we fixed up and have a lot of equity in (bought for 450k worth 850k now)That dream home allowed us to borrow against and put 20% down on our next rental and every year we plan on doing the same refinancing the rental we bought a year ago as a long term brrrr.Came to the reality that it’s really a marathon and not a race.

Then the walls for the living room and bedroom rooms fold out.

The land represents ~1% of the purchaseOn the contrary - if you purchase a $2 MM shack in manhattan on a postage stamp lot, the land could represent 99%Lever 2 - % of the property with a shorter useful life.Not all parts of a piece of real estate are depreciated at the same speed.Certain personal property assets have SHORTER lifespans in the eyes of the IRS vs the standard 27.5/39 year livesProperties with tons of this often have:- Over-developed land sites (hardscaping, pools, retaining walls)- Fancy Fixtures- Fancy Furniture (STRs!)

I walked about 15 to 20 duplex/triplex's and put offers in on most of them (My Agent is the BEST) Over the course of 8 months.... before I purchased one!!    

., "I will buy at least one single-family home, duplex, triplex, or fourplex before the end of 2019") and then do it.

Walls come down, kitchens come out, and bathrooms get a major facelift.

A few things you could consider:House Rules: Make sure you have clear, firm house rules for your STR guests regarding noise levels, shared spaces, and respecting the privacy of your LTR tenants.Noise-cancelling measures: You could invest in things like soundproofing the walls or adding landscaping (like thick bushes) along the privacy fence to further dampen any noise between units.Separate Access: If possible, ensure that the STR and LTR tenants have separate entrances or parking areas.