Keep in mind if you are looking to purchase a primary residence, credit score plays a greater role in access to credit.

And while I was able to increase rents substantially, the making the garage a garage again, also involved a full gut remodel of the rest of the house, so the design and newness certainly played a big roll on the rent increase.Second case study, my wife and I recently bought a flip.  1960's built, four bed 2.5 bath house.  

First, I am not an attorney and don't play one on television.A verbal agreement isn't worth the paper its not written on.

I have a clause that authorizes me to contact that person in case of "death, incapacitation, or incarceration" and work with that individual to coordinate removal of belongings, payment of rent, or even a refund of deposit.When someone dies alone, there is always a police investigation to ensure no foul play.

Hey y’all, given the recent NAR settlement i was wondering how this will play out as a first time home buyer?

If you're looking for more of an appreciation/forced equity play, Portland can be beneficial, especially if you consider house hacking.Lastly, connecting with a local real estate agent who specializes in multifamily properties can provide invaluable insights and help you find the right deals.

Or better yet, have a licensed contractor do one.That way, you will have proof if the tenant tries to play games with their results. 

Yes I like to play by the rules.

It really depends if you can get a great deal on the purchase price, and yes adding value seems to be the smartest play. 

Income approach should play some role, but not major.