If the rehabber/contractor wants to pay me out, let them give me a price to walk away vs "demanding a fee" for lack of better terminology at the moment?

Managing a property can be incredibly rewarding, but it does come with its fair share of challenges—especially with the recent shifts in Rhode Island legislation.In 2024 alone, 39 bills were introduced, and seven significant ones passed, including extended rental terms, mandatory fee disclosures, and other updates that every landlord should have on their radar.

This home is still an incredible investment, and we wish we had it, but are happier to have all the lessons learned from it.

The seller is open to seller financing, which presents an incredible opportunity to grow without traditional bank financing.

If you want to find out how much equity you have to see if that’s an option for you, connect with a real estate agent and ask for a professional equity assessment report (PEAR).Who knows, you may find out you have enough equity to buy your next place outright– and with today’s mortgage rates, not having to take out a home loan is pretty incredible.

At the moment I have only been looking at SF and 2-4 MF I would not mind either just making the numbers work is hard. 2-4 MF are hard to find in the Las Cruces market right now but they exist.

I do think house hacking and small multifamily are the best plays at the moment. 

I will definitely contact you when we start actively looking :) We are taking a little break in this at the moment. 

The people who never ran properties in B or C area always scream about how bad idea it is but you can make an incredibly profitable listing in those if you know how to manage it.

I don't know any out of there at the moment but I do know an AMAZING home inspector out there.