Central heat & air*I made this below chart based on this community shared knowledge (Thank you all). 

Hi Ola, glad to have you as a part of this awesome community!

Central heat & air*I made this below chart based on this community shared knowledge (Thank you all).Need1. would you consider this property at all ?

I’ve personally met some lenders and financial professionals with interesting products at local networking events, and it’s a great reminder of how important it is to connect with people in the community.

Quote from @Victoria Goyins: VP Harris talked about building new homes and providing tax incentives for marginalized communities to be able to afford homes.......So talking about helping White Males/Families?  

Impressive Rent-to-Price Ratios: Average rents for 3-bed homes are about $800-$900/month, potentially yielding 12-15% gross returns.Economic Transition: While historically industrial, Bay City is diversifying into healthcare, education, and service sectors.Revitalization Efforts: Downtown redevelopment and community initiatives are breathing new life into the city.Strong Cash Flow Potential: Low property taxes and insurance costs contribute to robust monthly cash flows.Let's crunch some numbers on a hypothetical deal:Purchase Price: $75,000Down Payment (20%): $15,000Mortgage (4.5% interest, 30-year fixed): $304/monthProperty Tax: $100/monthInsurance: $60/monthEstimated Repairs/CapEx: $100/monthProperty Management (10%): $85/monthTotal Monthly Expenses: $649Potential Rent: $850/monthEstimated Monthly Cash Flow: $201Cash-on-Cash Return: About 16.08% (not including appreciation or tax benefits)These are rough estimates, and individual properties will vary.

Hello BiggerPockets Community,I'm a new landlord and want to ensure that I have the right insurance coverage for my rental property.

I've wasted decades being an employee, and I'm ready to get out of the rat race and start investing to provide homes, jobs and communities!

Hello Bigger Pockets CFL community.

Single family, multi-family, commercial, land, the possibilities seem endless and the Bigger Pockets community seems like the best way to learn and connect!