I’m born and raised and living in El Paso, TX and have been looking at properties in Cape Coral, FL.

I am interested in purchasing my first out of state (currently live in CA) investment property.

I live in New York City and I am selling an investment property in California, a single family house, and I am planning on using 1031 to buy investment property in New York City.

These are the few numbers I have (purely based on first conversation) Her operating costs are about $900-$1000/month. about $450 for the county to come inspect once a month, costs of upkeep, meter reading, invoicing etc. 

Would tenants care that much about sharing a lease and technically an address if all of their living spaces were locked from eachother?

But by all other standards these are 2400 sqft 3-story townhomes.These homes are electrified, powered by the sun and incorporate the latest heating and cooling technology. 5 Mitsubishi Mini Splits and a CERV system by Equinox work to provide a very comfortable living space.

If you’re looking to escalate as quickly as possible, it may be worth looking into a multi family and rent one side, and live out of the other.

Can any of the construction/conversion costs be used to offset the income?

Get an extra job, live off of nothing, and go put 3-5% down on a single family house hack.

She would want to have a single parent with 2 kids live with her who has 0 credit (not sure how this is possible) and an eviction due to a bad divorce situation.