Multifamily properties now account for 43% of the city’s total distressed commercial loans.Office properties face ongoing challenges across the country, with cap rates for premium Class A properties now exceeding 8%, while distressed Class C properties see rates climbing into the low teens.

For argument's sake, let's say 50-60K, keep the rest for unexpected expenses or a second deal.

Investing in a low-crime area.I'm not being facetious. 

Assuming numbers + deal checks out, can do 30 yr fixed in low-mid 8's, at best on alternative side.

@David YoungTo turn your paid-off home into a successful investment property, start by formalizing a lease agreement, assessing necessary renovations to maximize rental appeal, and calculating your cash flow after expenses.

This is the BEST $100 you will ever spend, and if you listen to Amanda Han's tax book, you'll know it's also likely a business expense for you to write off :) https://biggerpockets.supercast.com/My perfect way to learn from the BP books is to listen to the audio book through the subscription above, then books that really stand out to me I go old school and get the physical copy so that I can re-read it, take notes in the margins, and put post it notes so key points are easier for me to re-reference in the future.

Quote from @James Wise:I need to dig up a podcast that I listened to about 2 months ago with Tom Ferry, and the person was giving all the states, You are pretty close to that number on 5 days or more.. 95% range, the industry is very off kilter these days with the low activity of 2023 and 2024 that most people licensed just retired, gave up, or thought they were going to do something and never could get a sale due to bad leadership.

Rent payments from the medical LLC are fully deductible as a business expense, while the property-owning LLC will report the rent as taxable income, which can be offset by deductions for expenses like mortgage interest, property taxes, maintenance, and depreciation.To ensure compliance, document how FMV was determined—using market comparisons, an appraisal, or similar data—and draft a formal lease agreement outlining the terms, rent amount, and responsibilities.

This is a lot more expenses that real estate focused software and you don't have to "setup anything" it just works for real estate out of the box.

and low maintenance beat the wear-and-tear headaches of big properties.