About 6 months ago we purchased a duplex using a DSCR loan.

High level local impacts are rising rents from Santa Barbara to San Diego and high demand for luxury purchases.

They sell a 4 unit for close to 1 million dollars close to Jacksonville. they want 250k or 300k down. there's no upside. you can google the properties on biggerpockets and there isn't a lot of satisfaction. it's a slow return and get rich slow strategy. our focus is always as a builder to add maximum value, lower cost as low as possible, build and rent and build and sell the same product and raise prices to help investors out. we have a large market share and large purchasing power in our market in columbus ohio. the one strategy I never liked about turnkey new build brokerage companies like them and build2rent or others is they don't really build close to urban centers and most are single family homes. the numbers don't work on single family homes. if single family was the way to go more companies would be doing it. but by far the most common type of new construction built is three story walk up apartments.

I have 23 properties in Kenosha and earlier this year purchased two duplexes in Racine.

Why do you think purchase contracts are so long and have such small print?

I think we will likely go with the Fannie Mae loan for purchasing.

I recently purchased a 2 unit property as owner occupied with one unit already rented out. 3 months after closing, I was laid off due to a restructure at my company, so I decided to rent out the other unit my girlfriend and I planned to live in.

HelloWe recently purchased a property through 1031 Exchange and the title is with our Revocable Trust (Trustee my wife and I).

Have you done work to the property for ARV to increase since purchasing?

If you do have to move because of a job, you would be safest (in my opinion, i am not giving legal advice or financial advice), i would sell that property to ensure that you did not just purchase with the goal of moving out early and taking advantage of lower rates and lower down payments for purchasing your home as a primary residence.