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.

Many of these areas also benefit from both rising home values and increasing rents.Ultimately, successful investing comes down to selecting a growing market, a strong neighborhood, and building a reliable team to support you.

We've since increased their rent to market rate, and now we're experiencing late payments.Family Member as Tenant:Issue: Our family member is behind on rent for more than 5 months, with a rate below market due to their relationship with us.Behavior: They have made excuses about financial struggles, yet have been seen treating their new girlfriend to fine dinners and outings.Impact: Both tenants consistently pay late and have shown complete disrespect to us, the property owners, despite efforts to ensure their happiness and success.We'd hate to impact our relationship with them, but right now, they're hurting us and our pockets. 

For me, I could handle the increase in cost and still pay much less than If I got a 4/2 SF.

On a good month I net $71 a month (previously $176 a month before 17% increase in property tax).  

You’ll lose any property tax caps they may have enjoyed and be increased to the non-owner occupant tax. 

Boosting your score doesn’t take long, and there are services that can review your credit history and help you increase it within a couple of months. 

Their services increase the odds of tenants renewing and staying longer.Handling Evictions & Problem Tenants: A good PM handles problems quickly and efficiently.

I personally don't mind cooking on electric but I will say that cooking on propane is different than what most people know which is natural gas.