@Holly Radice so I own in Barnum but do not do any STR as I don't live in the area.

The first year was challenging meaning had a tenant but not saving, it was just making my living expenses cheaper.

We overthink real estate...Just find a place that people with options want to live. 

There's always gonna be poor people and those poor people are always gonna need a place to live.

Hey all.I have prowled BP forums for a while and have gotten lots of good info from it, however I have not been able to find a good forum post for the question below.ContextMy wife and I purchased a fixer upper triplex in May of 2024 and live in one unit and rent out the other two units.

If you're buying a true investment property (meaning you wont live in it), FHA is completely off the table and Conventional/DCSR will require 15%+ down.

I've done several of these here in Chicago, and currently looking for a single-family house to a live in flip in. 

Focus on absentee owners and start with the ones who live the farthest away and only own one property in the area since they have the least use for the property.You can also drive for dollars, looking for anomalies of disrepair and then look them up in the tax records and use a site like Spokeo to do cheap skip tracing.

This works best when the seller is motivated and open to flexible terms.4.BRRRR Strategy (Buy, Rehab, Rent, Refinance, Repeat)– If you find the right undervalued property, you can finance the rehab with short-term funding and then refinance into a long-term loan, pulling most or all of your money back out.5.House Hacking– If you’re open to living in your investment, you can use an FHA loan (as low as 3.5% down)to buy a multi-unit, live in one unit, and rent out the others.

His mom lives in Vancouver, Canada.