I am sure 99% of people on BP are ethical - however, you never know and someone can swoop the deal from right under your nose.2) I think $160,000 is personally a little bit high for that property.3) Alot of the basements in Allentown built in that period are not ideal for another unit.You may be to fix it to add additional square footage; but not another unit.

Maybe you have a duty station where family lives or something that would be an ideal place to invest.

@Michael Le : yup, i agree. ideally i would like to go as large as i can go without being fiscally irresponsible and since i am a newbie to this, dont want to bite off more than i can chew.

An ideal agent would be someone who enjoys working with a first time home buyer, who has the heart of a teacher, and who is familiar with investing strategies.

Ideally I'd move into it, then rent it out later on.I've saved up another $150K or so in cash, which I had intended to use to buy another property. 

So refinance and term loan are not ideal products for me at the moment.

You first have to have a good BP, maybe approved architect plans, and ideally an offering memorandum.

Provided you use a minimum down payment and qualify for a owner occupied mortgage this would be the ideal approach.

I tend to think $150K - $200K is the sweet spot where the cash flow is ideal and you can avoid some of the riff raff. 

Airdna is a joke just do your own market research by obsessing on AirBnB and remember this is not passive.