I work also in sales and my income is not stable so even more important to have safe ratio, I have some clients with very stable corporate jobs and they are able to use even more leverage and go more for high total return.

If you can continue to renovate the 1st and 2nd floors, that is when I would update the plumbing and copper in those units.We may have a plumber who would work in that area...happy to share a contact with you.

Hi all,I've been trying to find updates of the 1% rule and whether it's working in 2024, specifically when you're using a mortgage at 80% LTV, 30-year mortgage.

We plan to update a couple of the units, and two of the current tenants' leases expire at the end of the month.

Rent growth did help with deals continuing to meet the 1% rule though.Similar to your deal that was just shy of a 1% rule when you bought it, it sounds like you have had many major updates to do to each unit as tenants have moved out to get them to market rents.

NOTE: One "new" negative is that all small LLC's are now subject to the Beneficial Ownership Information Reporting requirements of the Corporate Transparency Act. 

Considering the high prices of other lots in the area, many have said I got a great deal.The land I bought has a 2-bedroom, 1-bath house that was listed as 550 sqft but is actually 750 sqft; the records just weren't updated with the city.

Duplexes can be a fantastic way to generate cash flow-just watch zoning laws, hire reliable contractors, and stay updated on rental trends.

@Isaac Ballew I graduated back in the stone age with a finance degree and found my way eventually in Real Estate after some corporate jobs. 

Should be updated now.