For a long-term rental, would a small multifamily in Raleigh be necessary to break even and cover the mortgage compared to a SFH?

Taylor sent multiple email inquiries to our insurance provider asking what risks their policy covered.

Real numbers- purchase 907k,rehab , closing costs, soft costs, 840k, all in 1.747 mil, basis for each unit should be roughly 291kappraisal of each unit minimum 400k , so 2.4 mil if for all 6.I might refi only 4 out of 6, that will cover initial loan amount.

Covering this with my salary is relatively comfortable.  

Such deductions could result in substantial refunds, providing critical financial support during a challenging time.Residents may also explore disaster loans or grants offered by the Small Business Administration (SBA) to cover damages or losses.

As far as rate is concerned, you can usually go about two points over the current rate (less closing costs for a seller financed deal so there is no real expense there) You need to make sure the borrower can cover that.

**Tenant Screening**: The Section 8 program will cover a tenant's rent, but that doesn’t mean you should skip tenant screening.

How will the partnership cash flow cover the HELOC payments if interest rates increase?

If multifamily properties in your area are priced well, it might be worth moving forward sooner rather than later.Risk Tolerance: Since you’re the sole provider, it’s crucial to ensure you have a solid emergency fund to cover unforeseen expenses, especially during vacancies or repairs.Long-Term Goals: Think about how this investment fits into your long-term financial goals.

I suspect I will throw more money at a problem Airbnb has no interest in covering