I am looking to start my investment journey and would like to know is it a smart idea to try to get a 2-4 unit multifamily home in the same general area using a 203k loan on a foreclosure or fixerupper?

I am looking to start my investment journey and would like to know is it a smart idea to try to get a 2-4 unit multifamily home in the same general area using a 203k loan on a foreclosure or fixerupper?

@James Zhang I don't know how high end your properties are but I would just use my smart phone.. iPhones and Samsungs these days have phenomenal cameras.

Therefore, I plan to phase-in smart locks for all my units.

You’ll be amazed as he describes a strategy that is “better than BRRRR”—and most importantly, the number one question you need to ask a property manager to find out if they are the right choice for you.

The problem is when you are trying to pick a market you have too many choices across 50 states!

At the end of it all, it is your choice on how much to collect for repairs, vacancy, cap ex, etc.

You can avoid payroll by ensuring your structure your agreement with them such that they are a 1099 sub contractor NOT an employee (bes ure to get smart and play by all the rules!). 

I know it sounds dumb, I've been reading a lot, but I think it is smart to ask experienced folks and that will help tremendously.Thanks!

Have PROFESSIONAL pictures done once you have it decorated and use Smart Pricing in Air BnB for the first few bookings and make sure to get stellar reviews.