Do you have other ways to decrease your expenses or increase your income aside from real estate? 

Given that the property was worth $390K in its current condition, I saw an opportunity to make the numbers work while keeping my upfront costs low.Instead of increasing my cash offer, I negotiated a $25K down payment with the seller carrying the balance for two years through owner financing.

Verify income: Always make sure they make 3 times the money required monthly for rent.  

Given his spending habits during his first term, it might be a wash.Costs to build new properties will probably increase.

If it costs $100,000 to install an ADU and it rents for $1,000 a month, then it may be worth it.

If you're considering mobile homes, the first step is checking zoning laws and utility access since some areas have restrictions.For resources, Mobile Home University is a well-known starting point, and local mobile home dealers can offer insights on placement and financing.If mobile homes are allowed, you could either rent them yourself for higher returns but more management or rent out the lots for steady cash flow with less work.

Right now, I’m looking to buy my first duplex, live in one unit, and rent out the other to offset my mortgage.

So they will rent without buying even though buying is available to them but they dont want to live where its affordable.

hi. try radiators on the bottom walls in every room except the kitchen. try increasing the rents. try talking to the clients about the heat situation. try removing the heated baseboards. do something before something happens to you!

The previous landlord only collected half month rent as deposit, and I would like to increase the deposit to standard one-month.