It’s a low-risk entry into real estate with built-in cash flow potential.

@Bonnie Low this is great info and exactly what I was looking for.

There are some very aggressive investors that refi into interest only products to free up even more cash in the short term - this can be much more risky though, so not recommended if you are not very experienced and have large reserves.

What we came up with was an infill product that matches what three story walk ups are in the multifamily market.

My plan is to use a low down payment conventional loan, and with the factors you mentioned, it’ll likely be tough to find a property that breaks even.

With a purchase price of $250k, your rent is WAY too low!

Green for low and red for high property values.

Like @Bonnie Low, we also use Baselane and have had a good experience with it!

I also have a building though in a low income suburb and that place is 10x the work and I kind of want to find a manager for it.

Last August a decent pre-foreclosure opportunity came available on the MLS and my agent took us to see the home and submitted two offers below asking that were too low for the seller at the time.Apparently the seller was able to avoid foreclosure and the home delisted after it didn’t sale.