If I found myself without a job like a lot of people are suddenly finding themselves confronting today, and with no income to pay my way in the world, I knew I could always fall back on the emergency account I held in cash and wouldn’t have to worry about making mortgage payments for a long time if I needed to divert that money towards any number of unexpected expenses that popped up.

With the versatility to keep it as a two story or pop the top off and build up to three, this deal was suited to a creative investor looking to get their money's worth in this ever popular area of South Philly.

I did a "quick flip" and when I went to sell the property, 3 liens popped up that I had to clear (the previous closer didn't do a very good job) prior to being able to sell. 

They still pop up here and there but over all I have seen prices go up 

Multi's always have a higher rate on them.So there will be some immediate questions which will pop up at the bank: What is your new debt to income ratio with your new loan that you are wanting to acquire?

Nuances spread throughout that process undoubtedly will pop up with CoA.

Be aware the locals in Bermuda Dunes are not happy about the large increase in STRs that have popped up lately (and many are not doing the best job of controlling sound and related issues).Consider joining and making a donation to help protect local STR rights!  

You need to have some time freedom to respond when issues pop up, you need to be willing to self manage (there’s a learning curve but doable) and it’s definitely an active business, ie not as passive as LTRs.

With that being said, it's always a good idea to keep some extra cash on hand if a deal pops up.

If POPS and HUBBIE arent interested in helping you refi your 50 % interest sfr's....Next plan up.