Investment Info:Small multi-family (2-4 units) buy & hold investment.

It's not a one-size-fits-all answer, but hopefully this gives you some food for thought.Whatever path you choose, I'm here rooting for your success.Jasper & PatTurning investment visions into REALITY in Phoenix, AZ - Ranked #1 for residential real estate growth and opportunity by PwC

If you wish to double check every pre-approval letter that is your prerogative but you are choosing to do this work yourself.

Therefore, choosing the right investment city is the most critical decision you'll make.Critical factors for an investment city that will enable financial freedom:Cities with a population >1M: Start with cities with a metro population greater than 1M**.** Small towns may rely too much on a single business or market segment.

As a beginner, I’m still reading and listening to all the great advice and content out there, but tentatively working towards house hacking via a multi family property in Philadelphia.  

Fee simple lots provide greater flexibility than multifamily projects under one parcel.4) Kimberly Byrum - Lease-Up Rates by Asset Type:Garden Style Multifamily: 18 units per monthBTR Cottage Style: 12 units per monthBTR SFH Detached: 8 units per month5) John Jones (BBL Building) - Efficient and thoughtful design remains the best way to reduce costs.6) Tony Benge Margins are comparable between garden style multi-family & BTR, but BTR is in much higher demand.It was a great turnout, excited to see the BTR sector’s growth between now and next year’s event!

Maybe with a 10 unit multi but still, very heavy lift.

We're looking to renovate something before the end of the year to accomplish 2 things: 1) Improve home value so we can get appraisal, refinance and leverage that to buy a new property. 2) Take advantage of the tax credits that are out there in 2024 before the new year or is it better to wait until 2025 and just hold onto the cash I have at hand.Here is a list of renovations that will need to be done eventually:*Brand new basement kitchen (cabinets + add seating area - we already have brand new dishwasher, fridge, gas oven)*New standing shower in the basement bathroom*New Siding*AC/Furnace for unit 1 are close to end of life but still functioning*New Fence/landscaping*New Windows for the basement*New Garage (unstable, concrete shifting, very old)*Solar Panels on the roof (There is a $0 down payment lease option w/ sunrun, but I'm hesitant to move forward)*Renovate master bedroom closet for tenants (it is old & has built in entertainment center that is very dated)*Repair Catch basin*Adding better drainage system for back door.Greatly appreciate any help, insight or advice!

If you have a solid, stable, multi-year tenant, that's paying close to market rate, they may be more valuable than someone paying a few points higher but is likely to move every year. 

For single-family and multi-family rentals - plan to put 20-25% down on investment properties.If you find a rental from 2-4 units with a month to month lease or a vacant unit that you could technically move into/would move into after buying within 60 days - plan to put 3.5-5% down.