I am very new to REI and would like to know if this is a great opportunity to buy in an up and coming area or if the residential properties will negatively impact my ability to rent out my other unit.

This diversity is reflected in their housing preferences and priorities, driving demand for inclusive and culturally diverse communities that celebrate diversity, promote inclusivity, and provide equitable access to housing opportunities for all.In conclusion, the Millennial generation is reshaping the housing market in profound ways, influencing everything from location preferences and home design to technology integration and community development.

Additionally, metro regulations can impact revenue.

Claim frequency will impact your pricing more than anything.

Hi Michael,Are you in the a neighborhood in the actual city of Albany, such as Ten Broeck Center Square, Hudson Park, Pine Hills, or Park South that has 4 unit buildings and can support that type of arrangement without too much concern of negative impact from other tenants?

I don’t see any negative impact of leaving her off the lease, but wondering if there’s something I don’t know.?

@Mary Joe in most states, a property tax reassessment chases market value.So, if you do the 2nd transfer soon after the first, the impact on property tax amount should be minimal.

(I'm worried that my sisters lower credit score will negatively impact interest rates)Purchase the house outright for $160K , pay off the note, wait 6 months seasoning period and take a HELOC out for AUD.

The part I slightly disagree on is being cognizant of who might rent your units as it’s important and will impact your rents/repairs/vacancies/headaches/etc.

Transaction costs, seasoning, pre-payment penalties, DTI impacts, minimum lending requirements (more than 50-60k), and a long list of other issues make this a bad strategy.Buy 1 and see how it goes.