Hi all - I have my first long term tenant and need to draft up a lease agreement.

Some of my most recent client closings have been a turnkey 3/1 single family house for $120k and $5k in rehab needed and currently rented out for $1550/mo to section 8.

I started out with a house hack, and I would say that that was definitely safe for me when I was in college as I could afford the Mortgage even if my renter didn't pay.

I have listened to some very good podcasts on the merits of owning and investing in the parks, being the source of housing it is.Good question!

This will be my first brrrr.

I've been on the western slope for over 30 yrs.I built my primary, its; Slab on grade, stucco, concrete roof, painted with E-84n roof soffits and tailings fire caulk (anti-ember) vulcan fire vents, 4 car wide concrete driveway, extra large house numbers, red 3/4" hoses on reals @every corner, completely denuded of vegetation 100ft.

That's pretty low for a 3-BR - I'm seeing the FMR for a 3BR in that zip code is $1,850.But at $1,300 for rent, you'll probably find HMLs that may lend you around $120k if you have a good credit score in my opinion, which means you'll need $45k + closing costs.

Here are some hard numbers from my end:40k — 60k down payment6% minimum CAP rateMultifamily — 2 to 4 unitsColumbus, OHSome of the questions I have revolve around the actionable steps I can take as well as the hard numbers I should be on the lookout for when analyzing a property as being a good deal or not.I would be more than happy to schedule a call at your earliest convenience to discuss the details.

If you are talking about 2-4 units, then it's really no different in my opinion.

It can range from simple touch-ups to more extensive setups, depending on your needs and budget.How Does It Help Me Sell My House?