First I want to thank you for reading, I am new to the investment market and the idea is exciting and terrifying at the same time.A few facts:Purchase Price: 325,000Rental Income Estimate: $5250Property details: This is a 3 door property:1. 1/1(main building)2. 3/2(main building)3. 2/1(separate building)Repair estimates to get all 3 properties up and running: $145,000 - $200,000I do not have a ARV since its very unique there is not anything we can compare to but I am looking to get a third party appraisal.Plan is to do a mortgage for the property with cash down payment.

For example, the 2% rule about how rent should be compared to the house value - in Germany the rent is always far less than 1% of the house value.

It's affordable and helps prevent erosion while providing a cleaner look compared to mud.3.

(only after the initial adjuster has been there) After comparing notes with dozens and dozens of owners during Florence I was one of the few that got insurance coverage for the actual repair costs and was "almost" solvent.

If someone is bringing part of the closing costs, it’s common for them to receive a portion of the equity that reflects their financial contribution compared to the overall deal.

These houses seem to be in decent condition, clear photos, etc renting at a reasonable price compared to the newer listings.

It is a knock-off of a comparable Gatehouse brand lock basically:https://a.co/d/5ceMVR05.

Stay Renting:Pros:We have a great deal on rent ($3,200 total, $1,600 each), which allows us to save, stay liquid and focus on growing the rental portfolio.We love the apartment.Cons:We’ll likely need to move in a year, and comparable places are around $4,000/month.I’m not thrilled about moving, and it feels like we’re just delaying the inevitable.Not getting any appreciation.I’d love to hear your thoughts.

Stay Renting:Pros:We have a great deal on rent ($3,200 total, $1,600 each), which allows us to save, stay liquid and focus on growing the rental portfolio.We love the apartment.Cons:We’ll likely need to move in a year, and comparable places are around $4,000/month.I’m not thrilled about moving, and it feels like we’re just delaying the inevitable.Not getting any appreciation.I’d love to hear your thoughts.

We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.