During Covid you could not find them since shipping ports were closed, plus their price went up to $5,000.

I have no debt, a good stable job making about $60k+ gross, and $20k saved up with about $10k in my 401k that I'm thinking about using some if not all of it towards the closing costs of the home I want to buy.

. :-)) Run 2025 through quicken and at the end of the year you’ll have real numbers and you can come back to this post and see how close you were.

If the rents were collected after closing and they were not addressed in the sale, then you shouldn't have a legal obligation to give them anything.

We do plan to make another trip out to redecorate and move a few things around after closing -- little things to increase appeal. 

There is no differential factor number, however, it will change if you are buying tenant occupied, if they are are going to be vacant at closing, if they are going to stay the full lease or you have to pay cash for keys.

.- When paying with cash, you have fewer closing costs (no lender fees) and fewer holding costs (no interest payments).

My county has no zoning and I am relatively close to one small lake (3 minutes) and close to 2 big lakes (15 minutes to each big lake).

So, these properties are probably as close to "mailbox money" as one could get with direct REI.

Since the interest rate is already high, adding to it won’t drastically change your overall costs and will free up the liquidity you need for the new investment without affecting the low-rate financing on your multifamily property.Using the hard money loan to close on the new property could work well, especially if the property generates the $6,000/month you expect.