That would put you between probably $3500-4500 depending on dp, property taxes etc. 85k salary, let’s say you are taking on home 60k, like even with house hacking, you’d simply at best be extremely house poor, at worst would be challenged to afford the mortgage, the vast majority of people buying homes in our area at this point in the cycle for a variety of reason are dual income households, tbh for a single person making 85k a year, you are just much better off renting or moving to locol area if remote or hybrid.

✅ Low operating costs✅ Low crime rate✅ Low risk of a natural disaster✅ Sufficient population to have economic stability, major highways, and a major airport.

You can count up to 75% of the rental income from each unit BUT you have to pass the FHA self sufficiency test.The FHA (Federal Housing Administration) Self-Sufficiency Test is a guideline used for evaluating the eligibility of borrowers looking to purchase multi-unit properties (specifically, 3- or 4-unit properties) with an FHA loan.

I think the vast majority of us who don't ski or snowmobile stay as far away from NH as possible though in Winter!

I am including 2023 and 2024 through July for comparisons to see what is happening within our vast portfolio. 

You may also be running into the FHA self sufficiency rule if it is a 3 or 4 unit property.

Even with a lease in place is there an option to terminate contracts with a sufficient amount of notice?

In my area, the vast majority of new multifamily builds has been A-class.

.); the sufficiency of estimated insurance proceeds from ordinance or law insurance and other coverages to repay the Mortgage Loan in the event of partial or full casualty, or condemnation; and for a Tier 3 or Tier 4 Mortgage Loan, if requiring execution of the Limited Payment Guaranty (Form 6020.LPG) would mitigate the risk of the as-rebuilt Property not supporting a Tier 2 Mortgage Loan.

While they are indeed somewhat arbitrary, they provide a straightforward framework to filter out properties that are unlikely to meet my investment criteria.1% Rule: This rule helps ensure that the property generates sufficient rental income relative to its purchase price.