My biggest concern for his business is margin compression.  

I want to start out in househacking a duplex or a triplex but I am concerned with the interest rates on such a big investment for my first property.

My concern in your post is this - "For the last few days".

@Dan Hertler I’m concerned, how are you inspections going before buying the house?

What would concern me is the unit you bought 2 years ago has basicly no appreciation , based on this unit as a comp . 

My understanding is that we'd pay $1,000 for a rent appraisal which would have to come in with a ratio of at least 1.0 (i.e. at least as much rent as PITI) for the loan to be approved.My concern is that 730sf is basement, and only 300sf of that is fully finished. the rest is just walls.

I also happen to be employed by my partner, I do lots of work for his property maintenance and renovations.My major concern is when I have a not so large income how can I grow outside of purchasing a property which is not very feasible at the moment.

Here are some simple tips to help you communicate better with your guests:Respond Promptly: Try to reply to messages and inquiries quickly, ideally within an hour, to show you’re attentive.Provide Clear Info: Make sure your listing is detailed with information about your home, rules, and check-in process to set clear expectations.Personal Touch: Use the guest’s name and reference their questions to make them feel welcomed and valued.House Manual: Create a simple guide with Wi-Fi details, local tips, and house rules to answer common questions.Check-In and Check-Out: Send reminders with instructions a day or two before their stay and before check-out to keep things smooth.Respect Privacy: Let guests know you’re available if they need anything but respect their privacy preferences.Handle Issues Well: Address any concerns promptly and professionally to ensure a positive experience.Follow Up: Check in after their arrival to make sure everything is okay and thank them after their stay, asking for feedback.If you have any questions about managing your Airbnb, feel free to reach out for tips or advice!

What the official sale date according to the state might be is an interesting factoid, but it is just one of the facts and circumstances considered for "acquisition date" for IRS purposes - Benefits and Burdens is the test they are concerned about.

Mortgage, Taxes, Insurance, HOA: $3040.37Estimated rent: $2475Total Expenses: $3660.12Vacancy (5%): $123.75Repairs (5%): $123.75Capital Expenditures: $100Property Management (11%): $272.25Information when I bought the house in 2022, new constructions Purchase Price: $373000Purchase Closing costs: $4662Current home value: 400k-420kCash Flow: $2475-$3660.12= -$1185.12; -$71107.2 at 5 yearsCash on Cash Return on Investment (CoCROI): 0%Appretiation per year (6%); $535,290.23 at 5 yearsEquity: Loan value $345,089.53 at 5 years; $190,200.47 in equity at 5 yearsLoan Value today 6/2024: $368,201.59Total ROI in 5 years= (Total profit/Total Invested capital)/ Time (in years); Total profit: $190,200.47Total Invested: $71107.2 (neg cash flow) + $42757 (closing sale costs)= $113,864.20Total ROI (5 years)= ROI 67%, annualized ROI 10.8%My biggest concern is that I am relying solely on appreciation and assuming will appreciate at 6% per year.