As I build my career as an agent, I’m also passionate about real estate investing, specifically with a goal of purchasing multi-family, buy-and-hold properties where I can live in one unit and rent out the others.I’m here to network, learn from experienced investors, and contribute to the community.

Looking to rent for $175/night min and total estimate is $100k for the build, aiming for 20% CoC.Any pitfalls/advice for this uncharted territory?

I got a notice in the mail about the tenant's gas and electric being late again, Im assuming they paid that bill instead of paying me because rent is now 18 days late.

Bonus points (and money) if you rent out the rooms of the unit you live in.

I enjoy tenants turnover ever few years for the reason fair market rents tend to increase significantly year over year. 

Whether you’re dealing with non-payment of rent or other lease violations, this resource explains what landlords need to know to remain compliant and protect their investment. 

They use the rent payments to offset the debt if I have rented the properties for a couple of years.

🔹 Does it make renting harder?

To be more specific about what i'm looking to do: My 1-2 year goal is to employ the BRRRR strategy with SFHs and Condos by buying distressed / highly undervalued properties that need work (preferably all-cash) in low crime areas with strong rental demand, renovate them within budget (again preferably all-cash) and get them rent ready before refinancing them at the highest ARV possible.

I am considering Rent Redi.