I think supplying the market with decent places to live at affordable prices is never a bad strategy.  

You'll need more cushion between your income and debt payments to account for everything else - taxes, insurance, food, living expenses, etc...

Purchase price: $645,000 Cash invested: $60,000 Two Unit property with lots of living space3000 sqftOne parking spotBrand new kitchen addedW/D in both unitsGood for Long term / Mid Term / Short Term What made you interested in investing in this type of deal?

Live in Florida but own properties in NY.  

Closed with no issues, inherited great tenants and have really enjoyed living in this neighborhood Lessons learned?

A tenant living in a 100 year old called board of health for drafting windows (never called us first) and BOH made us replace them within 30 days, well custom windows take longer than that to make so we got fined.

To sell one of my investment properties, it is a single-family home that is valued at around $65k and no more than $70k, I have tenants who live in it for about three years and pay $950 a month in rent. the house is free and clear. 

@Mason Edwards I live and invest in Knoxville.

He lives across the street from 2 of my properties in FL.

Now I am inheriting a huge fixer-upper in Dallas which we will probably live in for a few years after it is repaired.My ideal situation with REI is to buy and hold multiple properties while also flipping a few per year to supplement our income.