Hi folks - I am in the market for a Property Manager in the Rochester area for a 12 unit property.

I'm born and raised in Houston and now work with a full service long-term rental management managing over 300 doors - all SF or MU (up to 4 unit).

In Jersey City, it doesn't kick-in until 4-units - so for the smaller multis or single-units it is not a problem.

Right now, the best offers around me are for some 1.3-4 million, that only generated around 100k per year gross, so there would be a high chance of not cash flowing, and paying money, especially with a commercial loan (these buildings have more than 4 units).I was thinking that although the rental itself does not generate money, I would be able to deduct the mortgage interest, and depreciation from my personal w2 income and would be net positive.

I do not lend in NC so I cannot help but I have several options with 20% down on a 2-4 unit.

If you offer incentives to fill units will they fill the units with subpar tenants?

What makes you think you can just leave the garden unit as is if they already said this?

Jaybe if you had a few units this can be achieved

House Hacking Strategy: Living in one unit while renting out the other(s) is a smart way to offset your mortgage.

With a budget of $300K-$400K, you could potentially find single-family homes or small multi-units in those areas.I'd recommend researching rental demand near universities like Duke or NC State or even checking out neighborhoods with strong job growth near tech hubs.