Multifamily properties, particularly those with 2 to 4 units, can appreciate at different rates compared to single-family homes, depending on a range of factors such as location, market demand, and overall economic conditions.

Wisconsin has a 21 day timeline for landlords to account for any damages and refund the deposit, so if your State is similar, could also remind the seller of those statutes and that you can't just ignore these funds (like pro rating any rent the month of closing where you should be entitled to the portion from closing to the end of the month)

Congratulations on your first investment property! 

If AYPO isn’t engaging, consider switching to AceableAgent or Champions School of Real Estate—both are highly rated in Texas for interactive content and exam prep.

If it's below average, I would discontinue the lease when it's up and then do a renovation then put it on the market for market rate. 

RE is generally taxed at the most favorable tax rates.

I have a 2.5% interest rate on the balance of the mortgage. 

It’s too soon tell but from what I’m seeing the hit on the Federal workforce is also impacting contractors throughout the DMV… I expect panic selling which increases inventory, however, with higher interest rates, which will likely continue upwards if tariffs & deporting our cheap labor comes to fruition, first time homebuyers are shut out.  

Hi Kedric,First of all, congrats on getting this far!

Hopefully the first of many