Typical cost for the setup would be in the $15,000 range which would include production of the Private Placement Memorandum, Subscription Agreement, and Operating Agreement, Investor Qualification Forms, as well as filing Form D with the SEC, and state “Blue Sky” filings in those states where your investors reside. 

Houses here that are move in ready range from $200-300k.

But trust is earned and as I learn more (and remain open to pivoting to MTR and LTR), not sure in our specific case, the 30% is worth it (which is the going rate locally) and can be in the range of $30K+ per year.

We are finding many properties needing light to moderate rehab in the 100-125K range.  

Total is ~$1,720/m nearing yr 7 of 30, so principal payments only in the $500/m range right now.Thanks again!

This gets them thinking about your eventual move and the stress they might face in finding a new tenant.After some time has passed, you could share that you’ve started looking at other homes, but the options in your price range don’t compare to the property you’re living in.

Garage parking, full privacy fence, and second living area or bonus room would all be needed to get on the higher end of that range.

There are approximately 28 Multi-family duplexes active on the MLS ranging in prices as low as $50,000-$219,000 with a median rent of about $929.

For commercial buildings, be very specific - price range, $/door max, unit count, unit mix, part of town.

Besides the higher down payments, higher interest rates, and potentially shorter terms on commercial loans (all easy to underwrite with a couple calls to lenders), commercial deals in the 5-20 unit range are not much different than a 4 unit.