The appeal of this deal lies in its low entry barrier and high potential return, made possible by your hands-on approach in sourcing and negotiating directly in the market.Financing the deal through both personal investment and banks offers a balanced leverage, while your approach to seeing potential in underappreciated properties maximizes value.

For now I've settled on the "live in flip" and "house hack" approach which seems to be the best way to get your foot in the door in an expensive market.

. - 30% down on 200+ storage unit complex Earlier this summer those rates were approaching 7.5-8%We anticipate a very active fourth quarter. 

Looking forward to engaging with you all and being a part of this incredible community!

Any examples or rules of thumb you use in your own projects would be incredibly helpful. 

I'm looking to connect and surround myself with locals who enjoy sharing their knowledge and experiences, and remember what it's like starting out (especially if you've successfully taken this approach recently).

But I wouldn't jump into a deal with people I don’t know well or here they are good—that’s not the best way to learn.Instead, I’ll take a different approach here.

Building up a good team is incredibly important if you are not local.

As mentioned, there are 2 major approaches: contractor or DIY to resolve.Contractor: Get bids and charge the tenant what it costs you.DIY: Tally your materials and labor cost, then charge your tenant.

This approach allows you to manage the property closely, benefit from homeowner loan terms, and potentially increase its value with improvements before renting it out.As you transition the townhouse to a rental, ensure the rent covers all expenses and provides a profit.