This is my first investment house.

Section 8 Payment Schedule for the 4BR in the location is $1,670/M & the County Housing has a payment schedule of $1,832/M; so net cashflow would be $523.86-569.16/M at $1670/M and $685.86-731.16/MProperty is turnkey is needs just a cleaning for tenant ready.

We want to invest 20% and fix it a bit (the house is just 4 years old and just need some tlc.

@Henry T Did you exceed 14 days of personal use for this STR? 

My wife and brother-in-law inherited their mother's house via a land trust and it was great in that it avoided probate.

I would encourage doing a house hack first.

The methodology of the study would not have been able to capture that nuance.Unfortunately, for the last few years, there has been a missed opportunity for Ogden to take advantage of the comparatively lower price points and really cater to smaller pocket books with energy to rehabilitate the old houses. 

They require meetings where the house chores and costs are divied up, a house mgr in charge, all that.   

While I don’t know your personal financial situation, I can tell you that a certain amount of capital is necessary even if one were to pull off an IMPROBABLE very highly leveraged purchase.  

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Philadelphia.

Purchase price: $150,000

Cash invested: $20,000

A fully renovated triplex with a three-bedroom and two-bathr...