Total Investment + Down payment of 69,000 + 20,000 of updates = $89,000.Hope this helps.  

Make no mistake it isn’t quick or especially comfortable but it can definitely be profitable.As for the rent a room thing in most locales I have to wonder if the additional rent is worth the hassles of dealing with the increased time and liability of multiple tenants in one property but that’s a totally different conversation. 

@Jason Wray, I totally agree with @Brandon Croucier's comments.

I would echo the post about security. 

That is what the security deposit is for and if need be, the small claims court system.

As of now, I have a total of 3 units and 2 of them are occupied by the sweetest individuals.

A high property tax rate will increase the taxes more quickly as a percentage of total expenses when the property value increases.

Originally posted by @Arsen Atanasovski:Need to respond because your spreading fake news:) never ever did I say realtors are dumb, I suppose you are misunderstood about my posts, and that’s totally understandable.

Also, there is usually a "hammer fee" which is a % of the total purchase price to be paid to the auction house by the BUYER.Again, you can get good deals this way and you actually can tour the property beforehand so you generally know what you're getting into.

You'd need to show the income on your tax returns and/or have a lease and first month's rent/security deposit for the unit you were living in.