Hi Sharad, if you're looking to invest in small multifamilies and want cash flow, you're going to have to trade this off by the type of neighborhood that you'll be looking at.

Like 99.9% of the civilian population, I'm not sure I would act appropriately if I was faced with that type of danger and carrying a gun.

On the refinance side you don't have any points/fees and depending on the type of loan you refinance that can be a substantial amount.

These types of improvements increase your house hacking income. 

To avoid any confusion, this is not the same thing as ( “home sharing”, or an “owner-occupied rental.”)Improvements generally need to be depreciated over 15 years, note I said generally, depending on the nature of the improvement and how long the IRS standard depreciation period is for the cost and size of expenses.Strategies depend on a number of things including, but not limited to: type of property, your material participation, how long you plan to hold it, your goals.

Typically these type of projects begin with hard money and then refi using a conventional loan.

What made you interested in investing in this type of deal?

What made you interested in investing in this type of deal?

The way more challenging part is #1 finding the deal of course, #2 finding great contractors that would take on this type of project with payments to them working through installments, #3 finding great terms on your refi.My advice would be to look aggressively for #2 and #3, so if you do come across the golden ticket of #1, you are ready to pounce. 

Purchase price: $379,000 Cash invested: $107,690 Latest short-term investment condo (3bd, 2bth) What made you interested in investing in this type of deal?