The one negative is with multiple tenants in a house is potential for conflict among each other but could be reduced by screening all of them well. 

I’m also networking with investors, lenders, and other professionals who align with my mission of creating opportunities for future investors and helping others gain education in real estate.If you have experience with:✅ Finding off-market deals✅ Creative financing strategies✅ Scaling from single-family to multifamily✅ Investing in South Carolina real estateI’d love to connect, learn, and potentially collaborate.Let’s build together!

I did a rough calculation that converting the garage into a 460sq/f studio ADU can potentially make the house profitable as a rental, $1800/month estimate.

I'd note you're most likely going to do the whole process over again, so don't be surprised if your lawyer doesn't accept your 14 day notice and will send their own.

Quote from @William Fuller: When deciding to potentially acquire a piece of land that a wholesaler has under contract, what information do you need about the land or parcel?

@Devon Shives,Your situation has a lot of potential, but here’s a thought: A cash-out refi could work if you’re confident you can use the $30-35k effectively for your next property, but the higher rate and payment might indeed limit your borrowing power for another mortgage.Consider these alternatives:1.

Hi everyone!Through the help of many on here, I have made a lot of progress since joining about a year ago.  I've finally found a property that could be a good fit for my primary residence- if I can get a good price o...

Maintenance and potential repairs will also require a long-term financial plan and setting aside a contingency fund for such expenses.The steady cash flow, appreciation over time, and tax benefits can make a meaningful difference to your wealth in the long term, especially with the principal paydown on the mortgage.However, if managing the property from a distance feels too burdensome, or if you’d prefer the certainty and flexibility that comes with having less debt (especially given the high mortgage rates), selling and using the $100,000 in equity to reduce your loan for your next home may be the smarter move.

Had I not scrutinized the details, I would have unknowingly paid more than I had agreed to.This experience was costly and frustrating, and I urge all potential borrowers to ask for a full breakdown of all fees and interest components before committing to any loan.

@Rickey MayesCongrats on your condo purchase, Since it's your first home and potential rental, choosing the right mortgage and down payment is key.