Without going to private money, the 2-4 plex is in my price range at the moment.

Based on that price point / unit count I assume you are correct in that you're looking a C range property.

If the repairs are of a quality to bring in sufficient rental income..

What are you basing that range on?

From what I've read on numerous places, multifamily expenses range from 45-55% of gross income.

Given the very recent purchase, is it sufficient evidence to provide the final closing disclosure at the hearing?

@Mark H.I haven't previously invested in commercial properties, but I've been researching the opportunities that are available and think that there are some great opportunities available at and even well below your price range.

Multis are incredibly rare with incredibly high demand, you just won't get an offer accepted being at that bog of a competitive disadvantage.Also with FHA, you wont find a 4 unit in the area that meets the FHA self sufficiency test if you use a low down payment on it.

@Chinmay J.The 4.25-4.3% range for a 30yr fixed is pretty solid.

Hi Everyone,My wife and I are looking to house hack 2-4 family in Norwalk/Fairfield in the sub $400k range.