Minimal liability, you pay an HOA fee and most everything is taken care of for you.

Minimal liability, you pay an HOA fee and most everything is taken care of for you.

This would be a turn key on this end- an established property management team and is already in place, it’s recently renovated (no/very minimal repair costs anticipated) and all but 2 or 3 units are already tenanted for the next year.

Mine is paid off though so I don’t really care about it much these days.To me: $13.8k is just hella equity to be dropping into a Class D, for $200-230/month (since property tax wasn’t mentioned), which will likely very minimally appreciate.My first two Class A properties ($229k and $293k) I househacked them with 5% owner-occupied and only put down $11k and $14k. 

There's so much to learn and I feel that you all have responded with exceptional lessons and tactics to minimize risk and get after future deals.

Minimal issues to fix and great price for a multi.

.- new electrical box and run a new line from the house to the street- installed new vinyl windows throughout the house- installed two new interior doors and 1 exterior door- had some minimal plumbing work doneWhat made you interested in investing in this type of deal?

We're used to covering the closing costs (usually minimal because when seller's call us there's no need for an agent or commissions).So, even when we have a seller who could pay the closing costs, as in example 1 above, we pay the closing costs anyway because they need the extra motivation to say yes to our offer.

But the SFH 3bdr home is 15% below market value and needs minimal repairs.

This is what I have so Far 3 bed 2 bath  plus car garage in the 38016 zip code   Built in 2010 great neighborhood very minimal repairsARV 170,000Loan Balance 152,000Current mortgage payment 850$Can rent for 1200-1300 easily  ..