I would agree, I think MF is your best bet to scale.

Investment Info:

Other commercial investment investment.

Purchase price: $925,000

After lending support and insight on business planning and development for decades, I am in pursuit of my first acquisiti...

Run  the numbers carefully and compare it to a 5% CD and I bet they are not far off.  

Not really an amazing deal, but if you like the house and have confidence in the area's growth it sounds like a good bet.

I bet there under 100 a sq. 30-year Architectual.

Hi Bhrgu, As others have mentioned a refinance may be your best bet if you can't find a lender to do a HELOC.

If its a total gut, that changes things...but if it's bought right...Rehabbing will likely be your best bet. 

I would bet good money that they are paying below market rates.In case you missed it: get rid of them.Spruce the property up, study the market to determine a fair market rate, and find a renter that is willing to pay the market rate, pay the deposit, and abide by your agreement.Not everyone is cut out to be a good landlord.

One thing I haven't done that I really need to do is put together a business plan, even a rough draft would be good to keep things in perspective and measure progress against.Hope everyone has a wonderful rest of the week!

If it's just you or just you and a partner, your best bet when looking to house hack a multifamily is to look for uneven unit sizes.