My boyfriend and I are closing on our first property soon which is a duplex where we will be living in one side and renting out the other. I am stumped as to if it is worth it to get a business bank account or just op...

@Lau CorYou're on the right track by focusing on long-term cash flow and appreciation while aiming for a break-even investment within the first year.

At any rate, I will need to determine if I am OK with negative cash flow for likely 6-12 months before being able to raise to market rent(and even still may be near break-even or negative depending on expense/capex calculations).I will have to re-read your post a few times to make sure I comprehend it all.

If you have an agent (who is a member of CAR) that you are working with regularly they should be able to share it with you though.

If you can break even with 20% down, it’s the safer bet—lower payments, no PMI.

We’re a vertically integrated crew, so I’ve got my hands in everything from breaking ground to cashing rent checks.

But if you are saying that is always breaking or giving you issues, I know that can be a make or break.

It’s wise to start with breaking even and ensure you're comfortable with the costs involved.Happy to connect if you'd like to discuss more!

To me, it feels like I could simply have the lines snaked regularly to avoid clogs.

Does anyone have a map breaking down the Phoenix market area ?