It might be a little expensive at 15 units, but will easily scale. 

The more expensive single family housing units are absorbing with far greater ease than smaller apartment units in the northern liberties/fishtown/ Kensington neighborhoods. 

Selling is expensive!

Initially, I was hesitant about buying property due to the potential expenses, but I realized that approaching real estate as an investment could yield the financial freedom I’ve always aimed for.The Start of My JourneyIn December 2023, I decided to devote my spare time to real estate.

I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).

To determine rehab costs, calculate the After Repair Value (ARV), total rehab costs, purchase price, and other expenses.

The more expensive filters clog too easy and cause the furnace to work harder.

My wife and I run collegiately and can potentially get schooling and living expenses (such as housing) paid for with a sports scholarship.

They're typically more expensive than a bank or conventional financing but can close much faster and tend to accept borrowers who can't achieve bank financing.

The best and most expensive areas are 39211 or the Fondren and Bellhaven areas.