A viewer asked about buying an 8-unit property in Memphis, Tennessee, priced at $560,000, with rents estimated at $6,400 a month.

@Charmaine Alard why don't you start with comparing the rent you charged your friend vs the rent you could have charged according to Zillow Rent Estimate or Rent-O-Meter.THEN compare that to what a PMC would cost.

However, you can be more comfortable with your offer if you can have your GCs do a walkthrough and provide total rehab estimate prior to making your offer.

I have recently been gifted my great grandparents home and it's going to be a complete gut and renovate costing approximately 150k.

He's getting numbers like $80K for a 2Bed 2Bath single family homes, additional $20 for rehab, so total under $100K and rent estimate is around $1000.

Many investors hesitate to start their next fix-and-flip project due to barriers like limited funding, uncertainty in market conditions, lack of experience in estimating renovation costs, or fear of unexpected delays and expenses.

The HVAC and water heater estimated to be 6 to 8 years old by the inspector.

Here’s the context:I own a rural property with two rental units:A manufactured home from the 1980s in temporary status with the county (meaning it can’t be replaced), which currently rents for $1,350 per month.A one-bedroom permanent residence that rents for $1,300 per month.My monthly mortgage payment is approximately $1,200, and cash flow is crucial to me right now.

Is the 5 property ceiling (estimate, of course) because of debt to income ratio?

Basically at 20 years, investors would have 16 properties in RE portfolio, with approximately $14 - $24 Million in the account.