We have now had an opportunity to review this application and based on the information in the application we are declining the application.We wish you well in your search for rental accommodation and hope that you find a unit suitable for your needs.Sincerely,That really is all that is needed, and anything more could present liability.

I don't need the $250 net every month for anything in particular, and I have a suitable capital reserve for the property.

Can always but "contingent on seller finding yada yada" until you find a suitable multi - Definitely go multi unit- Pick a good area like north park or beach areas- Rent out all units but keep one unit for Airbnb rental- Bit more hassle but in the buy and hold SD market ever bit helps.

Hi Alex, it's a fairly common thing for sellers to rent their place until their house is completed (in case of new construction) or find a suitable house.

@Joseph Odhiambo, You might consider using an investment advisor to evaluate which offerings are suitable and promising.

There is only 110 amp service in the property, which is suitable for a furnace, not baseboard heating.

And ceiling clearances can be more suitable for short people.

be more suitable?

Hi All,I am starting to save for my first rental property, hoping to find a suitable 3-4 unit asset that will cash-flow.

My thought is to sell a large property and buy two smaller ones.Original purchase price: $200kDepreciated value: $150kMortgage:  $175kNet sale: $300kNow if my plan was to buy 2 properties for $150k each, but for some reason I only find one suitable property to buy for $150k.