Put in about $25k of improvements, to include 2 unit rehabs, new roof (mostly covered by insurance) new paint, and eliminated one unit.

Yes, anything that does not require a permit is fine.......but not electrical/plumbing/framing/roofing/etc

Purchased for kids future/college fund (maybe relevant maybe not) Mortgage rate is 4.4% currently paying $1149 a month (including taxes/Insurance)Currently rents for $1550 (room for upping rent to $1600+)In the 2 years Ive had it, Ive added a roof(insurance claim),new windows, new bathroom, plumbing.

Home had new AC, decent roof and large home and lot - besides that we had to gut a lot and throw down some wall How did you find this deal and how did you negotiate it?

Home had new AC, decent roof and large home and lot - besides that we had to gut a lot and throw down some wall How did you find this deal and how did you negotiate it?

Lauderdale (Changed roofs, added impact windows, plumbing, the whole 9 yards...).

New roof, solar lease company to remove the solar system, then replace it.

That can include roof, water heater, HVAC, plumbing, electrical, mold, rot, warped floor boards, bad foundation, termites, sink holes, fascinating animal occupants, bad reputations (that was a drug house or had a fire or was used for other things that I don't want to mention), and so on.

Looking into cash-out refinancing and DSCR loans and all of that but I'm getting ahead of myself as I don't even have the 1 yet lol.Nobody in my family has any experience with this sort of thing so I'm just hoping someone can give me their opinion on if this investment makes sense.The home is currently being rented for 2900 total (all tenants are month to month and have been there about a year each) and my monthly costs would be 1,200 included taxes, insurance, mortgage etc.I am considering putting the home on section 8 because the fair market rent would make my monthly rent 4k+ but I'm weighing the pros and cons on that avenue.From what I understand the biggest costs to me as a home owner would be a new roof or fixing the pipes for any reason..

I recently used them for a roof claim and found them to be fair.