And feel you'll have more options / strategies to explore with a tri or quad plex in the long range.

Gradually scale by researching high-growth markets, partnering with experienced investors, and exploring financing options like SBA loans.

We’re currently using it for multi-family properties in a few core markets.While redIQ is a much more sophisticated tool that focuses on properties with over 50 units, our system is perfect for properties up to 50 units, providing an efficient solution for managing lead intake and financial analysis without the complexity of larger systems.Here’s how it works:Lead Intake & Processing: Automatically processes broker emails and key documents (OMs, Rent Rolls, T12s, etc.).Quick Review: Evaluates leads based on key metrics like IRR, price per unit, and more.Detailed Analysis: Extracts data from documents, evaluates financials, and identifies additional income sources.Market Research Integration: Automates checks on flood zones, demographics, school quality, etc.Deal Tracking: Uses Google Sheets to visually organize lead data—while not a full database system, it provides a simple and efficient way to store and track deals without the need for a full-fledged database like MongoDB.Financial Analysis: Built-in underwriting and financial modeling with automated reports.In addition to ZCG, I also own a portfolio of properties.

An emergency fund needs to be liquid, and immediately available to you in addition to being low risk and protecting principle. 

I'm terrified enough of doing this out of state, so I am not interested in additional complexities with BRRRR.

To get started, consider focusing on house hacking in California with properties like duplexes or single-family homes with ADUs, or explore out-of-state rentals in landlord-friendly markets like Ohio or Georgia.

That said, if you feel you want to go above and beyond, then could could try contacting some of these apartment complexes directly and confirm her story with them but if you can easily find another qualified applicant why would you take on this work and additional risk.

Return:Finishing the basement and adding bedrooms can add significant value, especially if your local market places a premium on additional living space.

Additionally, I’m a licensed realtor in Pennsylvania, which has allowed me to expand my expertise and build a solid foundation in both investment strategies and the local market.I’m eager to connect with fellow investors, share insights, and learn from this amazing community.

In addition, due to them being eligible for conventional non-commercial financing they typically have lower cap rate than 5 units and more.