By purchasing a multi-unit property, living in one unit, and renting out the others, you can cover your mortgage payments and start building equity while gaining rental income.

Quote from @Dave Chengoue: Quote from @Wale Lawal: @Dave ChengoueIt's great to see your focus on multifamily properties and your clear plan for self-management.

Quote from @Mindy Nicol: Investment Info:Small multi-family (2-4 units) buy & hold investment in St Augustine.

If you have a cooperative Seller, walk through each unit and inspect together.

Understandably, it probably appears that I am jumping the gun with only 16 units (maybe I am).  

I've seen VA loans close with backend DTI ratios in the 60s and low 70s.VA loans can be used for multifamily purchases with 0% down as long as the veteran will live in one of the units.

Through the 1st half of February there were exactly 9 more units of inventory than in Feb 2024.And in Today's NewsKash Patel Gets to Work – Immediately Moves 1,500 Agents from HeadquartersBuilding, 500 FBI Agents Moved to AlabamaMay be a good time to be selling in Alabama. 

Remember, the notion of amassing wealth without investing is a dangerous myth perpetuated by self-proclaimed experts.

I have a complex next to mine that has over a hundred units, some do very well some dont and you can point to their decor right away as a differentiator.

I would focus on systemizing property management as much as possible so adding more units becomes easier over time.If your goal is to buy one property a year, then stick to your pace.