I started a major one just prior to kids and once they came, it slowed drastically and took me a few years lol.

@Ramin R kamalBuy an undervalued property.Look at comparables and recent sales to get an idea of how much a home will go for in that area.

I would not consider a co-signer/guarantor if the primary tenant's income was insufficient or if they had other unfavorable traits that I thought they would be a disaster tenant living in the unit (like a prior eviction, criminal record, etc.) -- co-signers cannot help those things.

We've employed a similar strategy here in Atlanta over the last 20 years (albeit with SFHs), so we should definitely compare notes.

Good morning,Have you all heard of sellers asking for escrow money prior to showing a multifamily property?

There are two elements of taxable income when selling a rental property:Capital gainDepreciation recaptureDepreciation recapture is the process of "recapturing" prior depreciation taken on the property while it was held as a rental.

MF is in huge demand right now compared to what is was pre-burst.

The neighborhood is quiet, not affluent and not a war zone and base on my research, comparable rental properties are between $1,300 and $1,500.

Where to invest or how far away depends on you, you can head upstate were prices are more reasonable or you can head South or to Midwest prices are manageable compare to our local market and laws might be more in Landlord favor..

I'm probably a little higher on the equity side than most, but I figure if I have good equity, my debt service is probably relatively low compared to rental rates and will also help ride out the soft patches.