Purchase price: $210,000 Cash invested: $35,000 Triplex 3- 1bed 1 bathCompletely RenovatedShared Utilities What made you interested in investing in this type of deal?

As you may know, Harrisburg can be block by block and depending on what block it is on in 4th St, I would be very interested in purchasing it. 

Make sure to ask for client referrals and interview more than one company in Flint.

I also did a 1031 exchange from a different property that gave me a bunch of cash for one of these purchases. 

Quote from @Horacio Renteria: I became an accidental land lord after a divorce in 2020 (bought ex out for equity) then purchased a second home as primary in 2020 for 2.85% interest and has increased in equity 115%.

One time costs:25% of purchase price downpayment $4k loan closing costs Ongoing costs: 10% of rent property mgmt10% of rent maintenance5% of rent vacancy5.9% of purchase price per year for mortgage0.85% of purchase price per year for property taxes0.55% of purchase price per year for homeowners insurance Variable costs:Half a rent + $2k repairs for every tenant change. 

I'm not doing Rent to Own and selling mobile home with no interest - a portion of rent is applied to purchase price. 

I did a cost segregation on the property 2 years ago and am now in the process of selling the home to purchase a long term rental.  

Quote from @Ven Bud: After hearing to lot of bp episodes on negative cash flow, I have a question.I am currently living in my primary residence and planning to purchase an investment property, and obviously it is going to be a negative cashflow (bay area), but I am of the opinion that as long as the rent on the investment property is atleast going to be greater than my current primary residence mortgage it can still considered as positive cash flow investment.The investment property is going to be in a much better location (for office commute, bay area proximity) than my primary residence.

I have purchased many properties without a tenant in place.