Being able to force appreciation through value-add work is a safety net during volatile times, especially if you end up needing to exit soon after purchasing and rehabbing.In the next few years...🛠️ you'll have time to complete a good amount of rehab work on your own💰 you'll likely be earning more at work than your starting salary now, and the monthly payment will be less of a burden🔵you'll likely make friends who may be willing to rent a room or two from you (house hack) to reduce your monthly expenses, if the monthly payment is difficult for you💸you'll likely be able to refinance at a lower rate.

I want them to have a safety net. 

By having reserves as well as a safety factor in income you can overcome some of the highs and lows. 

This emergency fund should not only cover you mortgage expenses, but will give you a safety net in case something does go wrong after your tenants move in.

**Safety Upgrades**: Installing security systems, fire alarms, or sprinkler systems ensures tenant safety and compliance with regulations.Understanding and budgeting for these capital expenditures is crucial for long-term success in multi-family property investment.

I called him tonight and told him he had to stop because it was a fire hazard, and also that he couldn’t smoke in his apartment.

Semi just sounds like a trip hazard to me.

If there is a pool, how do you handle pool safety?

You will be familiar with the area, so you know the ins and outs of the neighborhood, including its amenities, schools, transportation, and safety concerns. 

Please provide us with no more than the last 8 Settlement Statements from your past transactions.Insurance Information: We will need a copy of the binder or declarations page for the property hazard insurance and, if applicable, the flood insurance.