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.  

We would give them to Mexican brokers who would take them to Mexico and replace them with card board shanties.

He is here to start a new business and currently works at a restaurant making $45k/yr. his application is very good with a credit score 733 and previous yrs income of $75k-$100k.

I'm excited by the residential and commercial real estate market of Southern California, and want to begin to explore investing while continuing to focus on my career in hospitality operations & sales/branding & entrepreneurship.I focus on opening and building operations and sales systems for event spaces, specifically venues converted from industrial buildings and independent, site-specific hotels and restaurants looking to create or repair revenue streams from weddings, corporate parties, workshops, and in-house programming.