Hi real estate friends,My wife and I recently bought our first home in Co springs area close to garden of the gods and other attractions in the area. to no surprise our interest rate is a whooping 7.1%, the main house has 4 - BD 2 B. our mortgage is $4009. the property we bought has an attached dwelling unit on the side of it, completely independent from the main unit we live in, we are currently renting it out for 2 years for a tenant for $1545, It has one bedroom one bath.My question is what are some ways to scale especially since in the current market (is kind of almost impossible)?

Enjoy live music, explore the festive Village, and capture magical memories with endless photo opportunities.

Hello,I have a potential tenant that is part of a Community Living Program and I am looking for other peoples experiences dealing with these types of tenants.So the tenant had a traumatic injury and now their insurance pays out a set amount each month to cover their living expenses.

I'm Josh Herman and I live in Southern California.

Then you are making that decision based on the data for the area and that unit..... not on who lives there already

The small multi family space (4-20 units) seems to be less crowded, but those deals can be hard to manage unless they’re within a couple of hours from where you live so you could manage or turn it yourself if you had to. 

I am a contractor and we live in a great neighborhood so the house would be a great investment if we can purchase at the right price. as it sits the house is prob worth 100-150k.

Also I am thinking now that these are small rural counties with population in the entire county probably no more than 50k or so.. at least with most of those folks living in the city of Oroville which is right on the border with British Columbia In my flying days I would go into Oroville to get through US customs compared to going into one of the airports Airports north of Seattle .

We did floors, and multiple interior repairs ourselves while living there.

The lower rate decreases my monthly expenses, increases cash flow, or gives me a higher LTV.Increasing Rents with Co-Living:I have changed my rental strategy to Co-Living (rent by the room).