I can tell you the last person I evicted was shocked, and was having to live with friends because no one would rent to them... not even a mobile home... and they had a family of 4 with a dog.  

Hey BP Community, My wife and I bought at the peak of the housing boom in 2022 in Austin and likely overpaid, but it didn't bother us at the time as we really just wanted to win our first home after 10 previous offers not succeeding.

@Levi PerlKeeping your current tenant and going up that much high chance they move out but I agree with others that you need to do some market comps and see what others charge and what if any amenities they have compared to your home

Nick, are you referring to a HELOC on your primary home then using it to buy an investment property?

The buyers have reported that they are unable to obtain financing since the duplex (built in 1907) is located in an area that is zoned for single family homes (Toledo zoning was established much later).

I am trying to take a HELOC on my primary home for a down payment for my very first rental property.

I purchased this home back in 2020 knowing full well that eventually it would require a good bit of rehabbing.

I'm currently in the process of getting approved for a $160,000 HELOC on my primary home.

I see many town home new builds have this feature but likely because it allows higher density/lower cost of land since many lack yard area but the rooftop allows an outdoor feature. 

Blue collar jobs, strong tenant base and affordable homes have made Memphis an investor haven for a long time.