Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $167,000

Cash invested: $8,000

My wife and I bought a duplex in 2019 -- we got an FHA loan and negotiated th...

However, annual rents for lease extensions grew by 4%, highlighting renters' preference to renew rather than enter the challenging homeownership market.Looking ahead, the multifamily sector presents a mixed landscape of opportunities and challenges.

Then there are the challenges with Section 8 tenants paying utilities and taking care of their rental property.

Detroit would be a difficult market to utilize a DSCR loan in due to the low amount of monthly rental income coming in. 

You don't want to disclose that you've conducted an extensive personal investigation into her situation, especially if you’ve gathered information not directly from the application process.

. $400 a month for utilities, $500 for misc expenses like toiletries, maintenance/repairs, landscaping etc. $150 a month for insurance (this might be low?).

I will be sure to utilize the bigger pocket resorces.

So, I don't just factor in hard expenses like mortgages, taxes, insurance, utilities.

During a final walk through, management sent photos of doorway damage that was extensive on 3 doorways, and will require a full door and door jamb replacement.

Give them a triple net lease (meaning they pay rent, and they're also responsible for insurance, utilities, and maintenance).