In today's world you need to be about 28-35% down on properties to be gross cash flow positive, closer to 40-42% to be truly net cash flow positive(i.e 50% of your income goes to maintaining the property, other 50% is actually profit).My recommendation is to buy ideally a 4/3 SFR that's a starter-friendly one in a good area, and rent it out by the room.

***To ALL my RE friends, lenders, wholesalers, closing attorneys etc (Metro Atlanta so far)***If you have ANY current or past deals with any of these names, let me know! 

I am an investor friendly realtor and all of my investors do section 8!

Quote from @Sharad Bagri: We are a few friends from California looking to invest in multi family real estate in Ohio.

Hey Hey @Mario Morales - @Sarita Scherpereel pointed out some really good questions you need to ask your friend...You have to consider the difference between a non-conforming and an illegal unit.  

@Charmaine Alard why don't you start with comparing the rent you charged your friend vs the rent you could have charged according to Zillow Rent Estimate or Rent-O-Meter.THEN compare that to what a PMC would cost.

The seller will most likely ask their friends and/or family about it.

This is more person and human friendly and good for newer investors who want to build locally.

I invested with friends so the lost some money but it is enough for me to scare about this game.

@Fiona Layne-GerminBeginner-friendly strategies for building long-term wealth include house hacking, buy and hold rentals, BRRRR Method, real estate syndicatations, rent-by-the-room strategy, short-term or mid-term rentals, and partnering with experienced investors.