My 5-year goal is to own as many multifamily properties as I can, ideally each of them cash flow.

Here’s the weirdest part: 1- minutes later, he opened the house door and got in. 2- the phone number listed on his profile is out of service. 3- the phone number he called me from, is VRBo customer service number! 

The rent would be $550 per bedroom and the utilities would be split in 4 (all the tenants plus me).That was just a surface level analysis for that property and I was wondering If a FHA 203(k) loan would be ideal to cover for the remodeling while keeping in mind the HVAC would need replacement sooner than later.

Hi Anna,As Bryan, mentioned, building cash by renting out the rooms all the time would be ideal.

Marking up repairs & maintenance, farming out customer service to people that can barely speak English, charge a lot of junk fees, etc.I'm just not comfortable doing any of that.  

I think their customer service is awesome.

Hi Mateo,The ideal would be to use cash and then do a cash out refinance into a long term mortgage. 

Ideally, you could find something liquid (money market) or fixed for a duration until you need it (CD, etc) with a rate approximating inflation but rates (even with talk of some incremental raises coming) still won't yield much.I think you have a good point about return.

This means that your monthly rental revenue should ideally equal at least one percent of the whole cost of the property, which includes the purchase price as well as any necessary modifications.

The reason I’m looking into using llc is because it’s a commercial property with 5 units so there is significantly more liability with tenants and their customers and if there ever was a lawsuit I’d like there to be an llc.