If there are 8 units and you raise the rent 10%, 1 of the 8 moves.

On the other hand, you could also look into multifamily units where you can live one of the unit and rent out the other vacant units with as little as 5% down payment.

Hi, I am new to real estate and interested in wholesaling leading to long term rentals in multi unit properties.

She gave a deposit of $765 but smoked in the unit for 2 years.

That will give them instant cashflow to prepare for potential vacancy and the downtime that it may take to turn the unit.

Got an inspection report done and it noted a few panels that might have needed replacing (nothing to serious), but once we started opening things up, we realized minor patchwork won't work.

It is owned by Landmark Realty, a large San Fran based owner that owns ~6,000 units.

Did some upgrades and improvements to the 8 unit, including new roof and paint.

There are some that don't charge interest on the money for the rehab until you're reimbursed from the lender on it.There are other lending guidelines out there such as: -Any level of investor experience-Funding in as little as 10 days-Credit scores as low as 640-Non-owner occupied Single Family, Multi Family up to 4 units property types-Purchase Loan Amount – up to 90% of Cost (depends on area you're purchasing and if you have a higher credit score)-Rehab Loan Amount – up to 100% of Cost-75% maximum after repair value-12 to 24 month loan term with Interest Only payments.

I always tell our clients to find buildings with separate utilities when possible, and to also look for extra added values like larger units, rentable garage spaces, attics or basements you can duplex into, etc.