Maybe the best restaurant in the city?

Son lives at the property as well, likely 40's and works at a restaurant.

OK got that out of the way.My wife and I had my "CASH 4 HOUSES" tshirts on at a restaurant Sunday and this guy stopped my wife and ask if she could buy several houses at one time.

You see, I currently wash dishes for a local restaurant chain during the day, bring in barely 1k per month in income (after taxes), a little over half of which goes toward living expenses, and use a bicycle and the local transit system to commute around town since I don't own a car.

I don't buy properties that require an HOA and the utilities are always covered by the tenant.So if I have a market that has 3B/@B homes for $100K the 1% figure I like to apply only tells me that the rent needs to be around $1000/month.When I find properties that fit that criterium, all the other important aspects start coming into play, but all the properties that don't meet the 1% are out.These other criteria include things like the quality of the schools, the distance to restaurants and shopping, the crime rate in the area, the stability of tenants, meaning how long are typical lease agreement.

thank you. im going to research what a 203K is.. meanwhile i have been thinking of properties with rental units above a store front/restaurants.

I can give you a couple of recommendations for restaurants!

There are a bunch of bars restaurants and other businesses on Bridge Street.

The subdivision exits to a main artery with mixed businesses (offices, small supermarket anchored plazas, chain restaurants, public transportation, etc.)A 3/2 in this area is $850.00-$950.00.Hope that answers all.

But if you buy a building of all studios and 1 bedroom apartments then your renters will more likely be young singles and couples who will want to be near work, restaurants, bars and other entertainment.