Then over the course of the first year or so, if you could raise the rents by a total of $1k/mo (they are currently $2k, $1k, and $1k), then you might be able to pull out about $60k-$80k in a cash out refi. 

To Jay's point, though, there wouldnt be an impact on your DTI based on your numbers. 75% of the gross rents can be used to offset the debt to $0 until the operating history is reported on a tax return, so if the rent is 65% higher than the mortgage, then the impact to DTI will be 0 until next year when 2025 tax returns are completed.You could try to find a DSCR program that allows you to become a partner of the entity after the property is bought and financed, but this will require significant trust in your partner and may or may not work from a financing perspective.

Purchase price: $310,000 Cash invested: $50,000 Big Blue - 2 units fully rented, 1 with section 8 tenant and 1 unit being used for short term rentals What made you interested in investing in this type of deal?

Given the lack of activity / buyers in the market at this time with rates, would you reccomend holding and renting it until the market is better to sell in? 

I have a duplex I have been renting for almost 10 years and want to use the equity in that property to use as a down payment on a storage facility.

Quote from @Celine Besson: Hi everyone,We recently moved from Memphis, TN, to Montreal, Quebec.Before leaving, we planned to invest in a small house, renovate it, and rent it out (Ultimate goal would be to BRRRR).

 - recognize you are combining 2 if the highest effory rent models: student rental and rent by room. 

Mortgage lenders will qualify you for a higher purchase amount for multis than they would on a single, because they will count the rent you will be making on the other units as additional qualifying income for your loan application.

The tenant had until 1/6/25 to pay the back rent or move out and did neither.

Always gonna be a whole bunch of cheap old houses with a whole bunch of people on Section 8 ready to rent them.