Have invested in one long term rental and couple of passive RE syndications.

Unless you plan on purchasing the property with all cash; obtaining any type of financing for a property as a married couple will mean that both of your incomes and financials will be factored into the financing with conventional lending.

@Logan HartleI have done a couple like this and as Greg said the hard part is guessing what your future tenant will need. (# and size of offices, bathrooms,doors, windows, floor drains, lights, truck docks).If you make an educated guess you will likely still be tearing out or changing brand new walls and concrete, but if you leave it incomplete it is harder to rent.Plan on some extra expense for those tenant improvements.

I have tried the year-long rentals and have had a couple of problems with tenants not paying and having to evict.

And her and her sidekicks told me “you have a diamond” or something like that because a couple were zoned commercial and they told me I could get way more so they are including this much higher list price but I’ve had to lower everything by a couple hundred thousand and they haven’t even sold.

Hello, Introducing myself here as I am brand new to the Bigger Pockets community.

We believe we have enough space to rezone the lot and construct a duplex, bringing the number of doors from 1 to 3.We have a couple of questions.

Even so a couple weeks sounds fair if it is a hefty turnover with a full week of work for full repaint and a trash haul. 

He ended up finding a local portfolio lender that allowed him to househack a couple properties with minimal employment.

I’ll get a couple structural engineers to take a look.