Purchase price: $15,000 Cash invested: $25,000 Sub to deal - paid the seller and wholesaler $15,000 + $7500 closing costs to assume $84,000 mortgage with a monthly PITI of $575.

Some appraisers will combine the square footage and go that route and make adjustments.

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@Stephen Patton, welcome to the forums!

Both homes are owned by the same family that have hit financial stress and they dont want it to go into foreclosure.

This will help attract more business to the state, keep it coming! 

I will go over with my realtor for the exact comps to see if it's worth it.

*assumes CA averages for valuation, rent, profitability, etThere are strategies for starting small or starting big, that are discussed but I am not entirely sure what would be like too big for a first deal...My inclination is to assume that the larger the asset or more units the better, as there is less tenant risk, professional property manager, etc.

I specialize in small multifamily properties and house hacking working alongside BiggerPockets podcast guest Andrew Freed to help investors find high-performing deals in Central MA.My Background:  - Started in late 2019 I utilized an FHA loan to get my first 3 family property in Fitchburg, spent about a year fixing it up and soon after I refinanced. 

Do you want to be an investor.