I have thought about renting out my primary residence because I could potentially have someone else paying my mortgage and the rental income would pay the mortgage and also put about an additional 600 month in my pocket.

Here are a few additional insights that might help as you transition into multifamily:First, when scoping out deals, relationships are key.

New roof, interior & exterior paint, finished additional living space What was the outcome?

Thanks for the info!

Additionally, considering the time value of money is crucial, as deferred gains and tax efficiencies may improve long-term returns despite upfront losses being largely on paper.

In terms of the down payment, that 75,000 includes all of the additional fees and associated costs and such as well.

We plan to register an additional LLC (of the investor) that will hold 50% of the property.

Another avenue would be to call your utility companies and ask about installing additional meters.

Marketing Strategies:In addition to listing on major platforms like Airbnb and Furnished Finder, consider joining local Facebook groups for military families or relocation services.

Got added to the property insurance policy as additional insured.4.