Purchase price: $151,000 Cash invested: $60,000 Last year I bought my first investment property, a duplex with 2 bed/ 1 bath in each unit.

One was the home address that I initially entered, two were duplicates of an employer's address from about 20 years ago, one was an old Mailbox Etc address that I had about 20 years ago, one was an out-of-state address from about 35 years ago, and there was a duplicate of that address with an incorrect zip code and street name suffix, and the last one was an apartment that I lived in when I was in college a long time ago.

We do plan to remodel a bath which would not be possible with a tenant living there.  

I managed a budies house in a strict HOA and he was continuously being sent bills for fines from things like parking on street or leaving trash cans on the street after trash day.I personally will never buy an investment property where there is an HOA.

If there are no leases in place, you will have to use rental comps for the same beds/baths in other multifamily units nearby in the last 3-6 months to verify.

Or I own all the other houses on that street and I just needed that lot to own everything on the block.   

I asked AI should I pay Cash for 1 home then refi or buy 4 homes with 20% down on each home for 139000 3b ed 2 baths then im stuck a 4 home till i get another 20% down there answer was When deciding between paying cash for one home and refinancing later or buying multiple homes with 20% down, there are several factors to consider.

Purchase price: $326,000 Cash invested: $80,000 3 bd/ 3 bath townhome, completely remodeled in 2021.

Also the property rents for 2K and has good cash flow.Hey Mikal - that deal would be pretty easily done as a DSCR but the main reason you would want to go that route is if you want to 1) put title in an LLC for asset protection 2) qualify off the property's income and not your personal DTI 3) keep this mortgage off your personal record so you can qualify for another conventional loan down the road question: Are easy street loans personally guaranteed? 

Our 2005 version of Rules & Regs clearly state "Parking Rule: Exception: Commercial Vehicle 1-ton or less allowed in driveway only" (no street, yard, etc.).