Originally posted by @Mike Jones:Come to Vancouver's REVIN group.Real Estate Vancouver Investments Nework Sweet @Mike Jones!

Pittsburgh is a great market to house hack and the numbers/types of properties you are referencing is generally a sweet spot for this type of thing.

Happy to send a screen shot of the portfolio to anyone who wants to see, it just won’t allow me to attach pics to a reply.The "trick" or "secret" is simply to find the sweet spot...Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: 1%-1.4% rule dealsROI: 10-14%Cash flow: $250-$350/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-15% (has been double digit for a decade)Location: C+, B- You can find higher ROI on paper if you look at lower priced properties…but the probability of actually collecting rent significantly decreases.

After everything closed i went back refinanced my primary residence paid the equity line and got a sweet 2.6 rate.

You’re trying to take away that money and it wouldn’t really be a sweet deal for me.

Pretty sweet deal if you can pull it off.

Follow the jobs and you'll find your sweet spot.

.$100k a year and also built a lot of equity which opens up a lot of doors as well.Here is the primary target...Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: 1%-1.4% rule dealsROI: 10-14%Cash flow: $150-$300/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-10%+ (has been double digit for a decade)Location: C+, B- These numbers are based on the “sweet spot” in Metro Detroit.

Simple explain who you are, when you took over (should not be done in advance, but the day of close after you close or later is fine), how to contact you, pay, submit work orders etc.Short, sweet and to the point.Best of luck! 

This property will be a buy-and-hold property, not a flip so we are looking for that sweet spot of quality and cost.Thanks!