Purchase price: $170,000 Cash invested: $40,000 Converted a single family home into a short term rental What made you interested in investing in this type of deal?

We have a single family home, a small commercial retail building, and now we are pursuing a 5 unit apartment complex.

Start small by buying a duplex or single-family home with minimal renovation and in good rental areas.

This way, you might mitigate some risks and get guidance for your first rehab.Single-Family Investment for Cash Flow: Starting with a single-family property in a stable, affordable market might align well with your goals.

However, if you do buy a single family, you can get away with 10% down as a second home, with conventional financing.

We have some single family rentals and it appears that our property manager might be going out of business.

Are you wanting to buy your first single family rental, or are you trying to dive in and buy a 20 unit apartment?  

My investment partners and I have made considerable investments in Mount Airy over  the past few years, worked with a number of brokers on acquisitions and can honestly say not a single one has been able to effectively articulate our neighborhood investment thesis which tells you how challenging the neighborhood is. 

I have property in Kansas and Massachusetts and have a Kansas realtor’s license.I’ve always been into single-families but now considering small multi-family.

On the other hand, if you’re looking for flexibility or control, or you prioritize high resale value, it’s worth exploring alternatives like small multifamily properties or single-family homes in areas with broader market appeal.Coming here to see if anyone has suggestions or experience to share is a great first step!