Listen to Brandon Turner's podcast where someone he interviewed shared how this made a HUGE increase on her income: https://open.spotify.com/episode/1bS4eL80KL1rWY4vyCMjXh?

@James Landsford That punch list is a lot of work that won't necessarily help with you increasing rents over time.

The shorter the prepayment term has an impact on increasing the rate.4.

Is your income considered variable in nature depending on job sites and that you do not work a set amount of hours per week?

The property was in a great market but needed a full cosmetic rehab and basement finish to add a bedroom and increase resale value.

In larger multifamily investing it's about finding opportunities to increase revenue and/or decrease expenses to drive value.

Eventually, Class A property values increased to the point that even increasing rents didn't allow them to cashflow upon purchase.So, the flood of new investors switched to buying Class B properties.

You might make it work if you can find a way to increase cash flow aside from the basic long term rental strategy. 

Since I will be living in, I am looking for a nice neighbrhood with somewhat remodeled house with opportunities to increase the value as well.I would love to connect with other investors in the area and appreicate any insights as a newbie!

And as time goes by, rents will increase and your income will look better and better.My first investment in 2004 made $35 more than the mortgage.