Buy a 2-4 unit, close to home.

.- You rent out the other unit for $1,800 and maybe a spare bedroom for $500.- Total rental income: $2,300.- You’re still responsible for a $500 gap each month.Add in maintenance, unexpected expenses, and vacancies, and your costs can climb even higher.

Asking price is $998,0002 duplex units on 1 acre in good location.It's been on the market for a while, so I believe we could offer slightly above $900,000 and be considered.I would increase the rent after updating each unit.

However, I do have a lender that can conduct an entity transfer with a commercial loan from 2 units and up.

The offering would be at 490 units at $1000 unit which allows 49% to be sold to have the preceding benefits to remain in place.

I have the opportunity to manage someone else’s 10 unit commercial building.

Quote from @Michael Lam: Hi All, I'm an out of state investor looking to start a rental portfolio in the Cleveland area for small multi families (2-8 units).

There's no difference in a local flipping a house than flipping the small mixed-use building that is vacant in town into a couple commercial units and some apartments above. 

Both flat and percentage base charge usually a 1 month fee to lease out the unit. 

I am considering living in one of the units myself.