Conventional owner-occupied mortgage rates are above 7% today (source: Mortgage News Daily - Mortgage And Real Estate News).

Bonus Tip: If this quadruplex is out of state, I’d highly recommend building a reliable local team (cleaners, handymen, etc.) and maybe consider hiring a co-host or VA to help with day-to-day tasks, especially if you scale up. 

(assuming rates are where they are today and rental prices increase during that time)Now, this may not need to be a 5 year lease.

I agree with William that the rate you have is probably better than you'd be able to get moving into another property with rates where they are today. 

Hello all -I have been thinking of getting into realestate investment for a while with a goal of generating income stream (today my only income Is through my job - I make decently as a senior exec). 

Investing close to home allows you to gain hands-on experience, learn the ropes, and be more involved in the day-to-day.

Based on purchase TODAY, 7.5% mortgage rate, 25% down, normal rents, what would it come out end of day as.

FYI, Cape Coral police today raided the offices of Beattie Development and arrested Paul Beattie.  

It's so important to take action and remember that the best time to invest in real estate was yesterday, the second best time to invest is today!

Well, I'm going to see how she left my apartment today, we'll see how she did.