The key part to my opinion is that you have a single-family home with shared space, as opposed to a duplex or a two-level house which would be two separate "dwelling units."

If they were light smokers, you may be able to wipe everything down, clean the carpet, and run an ozone machine for a day or two and remove the odor.

A friend recently asked me to compare two Houston zip codes, 77008 and 77063, from an investment perspective.Now, I'm a big fan of Texas but the first thing I said to him was the weather is HORRENDOUS.

With the way people were bidding the last two years, the yields if the properties were redeemed were like 2-3%.

Detroit is also seeing the expansion of our international trade activity via the two new bridge routes to Canada. 

In Denver, I'm considering buying the property next door to mine and renting my current (2Bd1Bath) Single family home. 

My two rental properties apparently go under my DTI….

No way we could move back, have two little kids and too much stuff for 980sqft.

I have been offered an exclusive Deal by a local "friend"/ semi-mentor in my small town.  8 standard 2/1 apartments -  Quad, duplex, duplex, 1970 Dated buildings, little neglected but liveableOwner finance: 20yr 6%rate with 20k down------------------------------------------------Total purchase 400KCurrent NOI: 41k     Cap: 10         (Tax,Ins,Maint, Util)Gross rent 4500/mth-----------------------------------------------Upgrade, Est repairs: 60k After reno: NOI: 59K   Gross rent: 6100------------------------------------------------Loan pmt: 2865/mth,    34k/yrCurrent Cash flow: 531/mth,  6,378/yrAfter reno Cash Flow: 2131/mth,  25,578/Yr-------------------------------------------------Added info- -Property line Joins with (growing) Community college-Tiny town-The Buildings are Currently "uglyish".- Current Rent is 150$- $200 behind market avg.I am very comfortable in single family homes in this town (own 18 SFH rented and performing well).

Wife and I are late 30s with two little kids and the $5k could fix both bathrooms in the rental we want to sell.