If turns out to be a rental (which is my expectation) then I will bank the cashflow and work towards the BRRRR strategy to add another property in the near future.What I’ve been doing lately to make dreams realty:-Listened to one or two BP Podcasts a day-Spent tons of spare time on Zillow browsing properties-Identified a single family property that has real potential to be my first deal-Gotten an insurance quote and dug up tax records on the property-Talked to a couple area realtors and chosen one whose background and experience best fits my goals-Toured the property-Crunched tons of numbers based on different scenarios-Arranged a second showing for tomorrow, with a local contractor who will be joining me for the showing to provide a quote on the work that would be needed.I am super excited for tomorrow!

If the Master policy is insured correctly then this should satisfy your lender, however, if the association has chosen to cut corners and is not fullying ensuring the property/building then your lender might require you to purchase flood insurance to balance the requirements of the loan.

So once we let a tenant know they’ve been chosen we give them 48 hours to put down the deposit which holds the unit until they sign the lease.

The fourplex is 1,015 for 1st and 2nd floor and there’s land all in front big enough for a parking garage or another fourplex if chosen to do so... the MLS is even throwing me off.

Liquor and porn always was chosen first.

Also, if my goal is to purchase a multifamily home - live in one side and rent the other side - do they (and if they do, how will they) include the potential rental income into the mortgage if I don't have a property yet chosen?

The numbers in the tool are as reliable as the data chosen to perform the analysis, and that is up to you, not the software.The tool currently uses Zillow data to suggest a number of comps for you, however you still have do the work of verifying their suitability for your analysis.

So for this method, I have chosen the route of rental properties.

Some of the PROS include:- Speed of the payment (Zelle is nearly instantaneous)- Most are free (both Cozy and Zelle are free)- Not having to pickup checks or deal with excuses about checks getting lost in the mail - Not having to go to the bank/ATM to deposit checks or money orders- Not having to worry about bounced (NSF) checks- Payments can be automated so tenants and/or landlords don’t have to do anything after initially setting it up (the payment will just automatically transfer on the chosen day of the month each month)On the other hand, some of the CONS include:- Speed of the payment (This was also listed as a pro, but I wanted to point out that with some of the services - like Cozy - it can take a while for the landlord to receive the payment.

Give it some time and them move to another market if the first one doesn't prove promising, rather than focus on several at once.I've managed to network via friends, friends of friends, or work acquaintances into a trusted realtor in my chosen market who could jump start things.