Plus, multifamily properties often qualify for owner-occupied financing options with lower interest rates and down payments.As for timing, here are a few things to consider:Market Conditions: Keep an eye on local market trends.

Two of the casitas and the prototype are available to deploy in the local Las Vegas area right now and we are looking for a home for them.

C. and @Trevor Laramee I went through a local insurance company and was happy with the rate.

The 24.9% share is greater than the national average of 13.8%, according to CoworkingMag.The Austin metro had a 261% increase in teleworkers between 2014 and 2023, the report found, which is above the national average of 207%.https://www.kxan.com/news/local/austin/report-austin-leads-u...

Focus on tenant screening, building a local team, and learning as much as you can, starting early sets you up for long-term success!

Hi all, I am familiarizing myself with at the Albequerque market and wondering whether any local investors can shed some perspective on overall property values relative to rents in the area.

Discovery: I found this property through a local wholesaler specializing in off-market deals.

Hi Jaycee, I did barrow from a local bank, this is my third property with them.

@Joshua Piche with little experience, it's better that you invest locally vs OOS - unless you want to invest a LOT of time learning another market and networking with th right people.Locally, look for a 2-4 unit property that will qualify for FHA 203(k) financing. - This will allow low down payment and the 203(k) allows repairs to be financed into the purchase mortgage.- The 203(k) will allow you to bid on properties that need repairs that won't qualify for a traditional mortgage => less competition => better purchase price.You will need to find a great local contractor you can trust to supply the required bids to qualify for the 203(k).- After closing, you can do some of the work yourself to save money, but the program doesn't allow you to pay yourself.You will want to buy a Class B property, maybe Class C+, in an area that seems to be improving.

You must hire locals who are familiar and acclimated to the culture of the city you plan to create rentals in.