I have recently purchased a 22-unit multifamily property; Class B- in a market with a lot of transient workers.To keep it brief, the business plan calls for the following:   1.)

@Erik EppersonYou're on the right track looking for a small multifamily or a house hack in Indianapolis, especially with properties sitting on the market.

Quote from @Brandon Bell: I've owned a property for four years with a standard fixed-rate mortgage, and now I'm looking to convert it into a rental.

Columbus is the perfect case study:Most investment properties sold here were built in 1900-1950.

There were a ton of issues with this property one after another that delayed closing, but we were able to get to the finish line.

.) - and then for a property, you need down payment + closing costs + reserves.  

., rental liability, tenant damage).Landlord insurance covers rental properties but assumes the owner doesn’t live there.Your need: Hybrid coverage for a property that’s both your primary residence and a rental.2.

She knows he probably owns at least half the property too right?

. (#1 appreciating city 2023)I personally make well over $100k/yr cash flow from 21 properties here.

You are losing money on both properties.