I will outline the basics that apply to 1-4 Unit properties across most lenders. 1.

“All these folks are very educated and very smart, but they’re not necessarily educated in finance,” he says.Some investors admit they hadn’t vetted their investments that closely, saying they didn’t read the pages of documents outlining the investment terms.

But with the questions I asked you should be able to determine a rough outline on if it is "worth it" to you.

The lease clearly outlines the tenant responsibility and I'm notified of past due accounts which can lead to a 10 day notice to comply or vacate.

I am reaching out to seasoned investors for advice on the optimal approach in this challenging situation.Thanks in advance,Liz Most building departments have website outlining permit requirements, or you could just call them.

May not be resolvable.So the above outlines my concerns.

For me this involves making a lot of spreadsheets, but I will give you the outline.1)Establish risk capacity and tolerance: Capacity=how much can you afford, and tolerance=what you actually feel safe spending2)Use that information to narrow down what is available to buy: The amount will buy you a duplex in PB with 2 1/1's, will also get you a 4plex in Lemon Grove with 4 2/1's3)From there do the research on all of the available units that fit your criteria: This includes, but is not limited to, historical data on appreciation, market rents, historical rental data, and migration trends.4)Don't be afraid to wait for the right propertyI hope that I was able to simplify my process for you in a way that is helpful.

Interesting strategy you're outlining there.

Hey @Henry Lazerow - I would tend to agree that most of the NW side of Chicago 2-4 units don't play out perfectly well for BRRRR deals.I always looked at any potential house hack vs. having to rent - if my overall payments were less than the rent I generally considered that a win.For me...the house hack is just the ticket into the amusement park and then the fun rides come after...getting started can be overwhelming and hard so I can see why people might take a discount.I think one of the keys to strong equity creation is square footage creation which is basically what you outlined with duplexing up or down.

@Haiden Welch, there are books out there that will give you a general outline of the basics.Gaining credibility and trustworthiness is a lifelong process.