Thanks  Hi Jerome, you'll want someone local to you to consult on the down-payment assistance programs in your area, but I can tell you that most of them that I am familiar with require the property to be owner-occupied -- meaning not rented out.

no..... it just means some nvidia and meta employee has too much money in their etrade account lol I think we're underestimating foreign investors and small biz owners that made it big and want in, in the CA & SoFlo areas.

But, normally, the first question that I get from agents and owners is "How much are your fees"?

Keep in mind the owner still has to pay for lawn maintenance, utilities, cable etc...

I am new to rental ownership and I am looking for like minded people around here at Rochester MN to learn more about details of this business 

Would you drive in the driveway and turn around again, or talk to the property owner for any reason?

For the experienced SRO owners I would appreciate the opportunity to connect, share and learn.Thanks.

If you are this close to the border or cost you need to purchase through a corporation or through a bank trust (Fideicomiso - Think of this trust to be similar to an inheritance trust or a living family trust in the US.)At all times you are the legal owner of the property, the best way to see it is as a permit or license that allows you to purchase, use, enjoy, rent, renovate, inherit, etc. a property in this zone.

When I sold the building within less than a week the new owners were out there installing a post box and had complained about it enough to the post master that he agreed to let them have one.

Other considerations things to look at include; are any utilities common (like paying for a boiler for all 4 units instead of individual furnaces), how does access/common areas work, do the tenants all have access to laundry, are there any common area utilities (light common area lights, electric or gas for laundry) that would stay in the owner name.