Hi everyone, I bought a 1 bedroom 500 sqft condominium in Philadelphia, Pa, 19103 with my father as a property for me to live in instead of paying for rent during and after college.

Hi, I live in a condominium.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $64,000

Cash invested: $1,000

Sale price: $66,000

Condo purchases that I am currently renting out. Cash flow is...

DIY Choose your market Use an excellent property manager Choose the right property - depends if it is the right location Talk to local investors to get a feel for the market2.) long distancepartner "boots on the ground" Can bring many challenges with it Go on bigger pockets forums a lot to minimize riskTurnkey Buying an investment that is remodeled with tenant in place and property management company in placeBenefits: service ata distance, market insight, professional staff, marketing machine, managementexperience, simplicity.Downside: financial,analytical, ethicalCh. 7 Types of Rental PropertiesSingle-family homesPros: plentiful, strong exit strategy, involves fewer bills, easy to finance, easier to manage, more stable tenants, better appreciation, less expensive to buy, Cons: high cost per unit, slower to scale, limited loans, expensive rehabs, more competition Multifamily Real estatePros: more cash flow possibilities, one loan and multiple units, one insurance policy, math over emotion, business not a hobby, income valuations - based on ROI they give the owners, less competition from homeowners that jack up the priceCons: More expensive, more management intensive, more savvy competition, more complicated, fewer to choose from, government regulationsCondosShort for condominiums Each unit is individually owned by a person HOA feestownhomesLess apartment feel Usually share a wall with the other unit Still have HOAsREOs/Foreclosures - "real estate owned" Usually something distressed about the property - investors need to see past the superficial flaws Banks are numbers-driven, not emotionalFixer-Uppers - a property that needs significant or minor rehab donePros: less competition, forced appreciation, potentially more cash flow, unique financing optionsCons: hidden expenses, stressful, more out of pocket costsQuestions you should ask yourself: How bad is it?

Purchase price: $325,000 Cash invested: $325,000 Condominium rental real estate What made you interested in investing in this type of deal?

The condo community is Kings Heights Condominium Association off North Kingshighway, 63115 zip.

Also found out the HOA covers things similarly as is done in typical condominium complexes from the walls out, So the roof and exteriors, making capex expenses less in the future. 

It is not condominiumed, 1 whole building.If we were to move into the apartment, could we get owner-occupied financing? 

I own&live in a condominium apartment built in the 60's that i'm unsure of what to do with.

Purchase price: $85,000 Cash invested: $15,000 Sale price: $152,000 2 bedroom, 1 bathroom, 920 sq ft. ground level, condominium.