Diversifying your portfolio can provide stability and growth potential, especially if you explore different types of properties or geographic locations.

This could be a great way to get started as you'll be at the property everyday and by living in the property not only will you be there firsthand to oversee the work being done, but you may also find new potential issues while living there.If you're looking to do this, I'd recommend a 203k loan to purchase the property and get some rehab funds. you'll just need to live in the property for a year before being able to lease it out to a tenant.

This potential buy needs a little work done so I need someone to come out and just do a general assessment of the property.

@Mike Johnson you definitely have a different set of problems or potential problems depending upon where you are at.Brand new and acquiring your first rental you're going to manage:Everything can kind of be summed up as you don't know what you don't know.

This can help you estimate potential earnings.2.

To me, it's just inviting potential conflict that I don't want.

I'm exploring this as a potential investment and would love to hear from anyone with experience buying in JC.I'm looking for recommendations on good areas to invest in.

I even look at residential properties with key words for potential conversions to multi but those are also hard to come by.

Instead, the income (or potential income) of the property would be used for qualification.

If you believe the new assessment is too high, you can file an appeal.