It'd also require you to move to AZ.Another option is to work hard to find an off-market deal that is below market value, which would give you instant equity and get you closer to your four-unit goal.First I'd determine whether you are willing to move, if you are then it will give you a lot more flexbility since you can use a FHA loan.

After you have that initial call with our team, drop me a message so we can connect directly to make sure you have a clear vision on what the next steps are to accomplish your goals.Regardless of how you ultimately decide to get started in REI, the first investment property is so essential to get under your belt mentally & emotionally. 

All real estate transactions, whether purchase, sale or rental, prices are determined by market supply and demand.

Every state is a bit different when it comes to determining when nexus is established.Speak with your attorney to see if it's worth doing this or if it's worth just having that LLC in NY.This reason is often why it's recommended to set up an LLC in the state of the property.

How did you determine market rent?

I have to explain to the the capital requirements to acquire an asset like that which would be 60k+.For projects under 100k purchase acquired at 80% leverage you can figure needing 25k - 30k in liquidity for all the costs of the life cycle of the project.If you start acquiring in that 150k range, that lifecycle can go to 40k/50k needed to make sure you can handle the down payment, closing costs, holding costs, any miscellaneous costs that pop up and then still have a cushion in the account cause you never wanna be down to you last dollar.One of the first questions I ask new clients is what kind of capital do they have behind them, because that number will determine market and asset class. 

Here are the criteria that would determine it is a "log cabin style" v a true log cabin:- Foundation Walls = Concrete Block- Roof Surface = Metal or Shingles- Heating = FWA- Interior Walls = Drywall or Plaster

Budget will be a big determining factor as well.

You most definitely can go in on a Fourplex with 3.5% down, primary residence, living in one of the units, find out what purchase power you have, and what the rent rolls for the other units will be to determine your cash flow. 

.🔍 Understanding Cap Rate:- On the surface, the cap rate is one of the best ways to determine whether a deal is worth pursuing.