Usually when I close on a house, the insurance company sends out somebody to do a visual inspection.

When I buy an occupied property, I introduce myself to the tenants on the day of closing; then, I inspect every unit within one week.

Follow new listings closely and be definitive in scheduling tours and making offers.

How close is your town to the next metro area?  

You’ll put 5% down but get 2% back on sale (which might pay for your closing costs) and then do a rent by the room to cover your expenses and downpayment for next year) Not sure which university you are at but both Henrietta and South Wedge are solid places to start (serving RIT and UR respectively) Good luck, I personally think Rochester is a great area to start due to constrained supply with a growing population

It was a personal referral, received a credit at closing for renovations as well How did you finance this deal?

Hey Everyone,I’m 20 years old and excited to be closing on my first rental property on 1/31!

I'm very new to MTR and investing in general, but I'd like to know if even close to being on the right track!

I've read BiggerPockets' Real Estate Investing book and am particularly interested in the house hacking strategy, as I'd like to move out of my current living situation.Our main dilemma is choosing between a single-family home (renting out one room to a close friend) or a multifamily property like a duplex or triplex.

At the end of the day, both of these respective vendors/individuals are paid when the deal closes.