Hold firm.If you get nervous, drop the rent $100 per month or confirm your marketing is good.You do limit the prospective tenant base by restricting pets, but that is your prerogative.

I plan to live in one of the new units long term but will rent out the second new 2 bed 2 bath unit at the market rental rate.

Investment Info:Small multi-family (2-4 units) buy & hold investment.

My plan is to setup a parent Wyoming LLC that will hold another LLC that will be holding my properties.

This will likely be a long term buy & hold, either SFH or a 2-4 unit building.Is a 30 year-fixed loan with 20% down possible?

We might move back to the East Coast in 4-5 years, so I’m looking for investments that can work well as a primary residence now and a rental property later.Income: Both my girlfriend and I have solid tech salaries (150k+ each).Current Portfolio: I don’t currently own any rental properties.Goal & Long Term Plan: I don’t love my current job so like many of you, I would like to create enough passive income through rental properties to have financial freedom and be able to work business ideas or side projects.

To better cash flow the property, you can look at different income strategies like medium term rentals or short term rentals.

I’m really excited about the BRRRR strategy, and my goal is to focus on mid- to long-term rentals as I grow.

The one thing to keep in mind is that a HELOC is a great short term debt instrument.

I only have one unit that I hope I will continue to retain a tenant long term.