Welcome to the BP family.

I am 24 y/o and live in Fairfield County, CT looking to buy my first property...likely house hacking a multi-family.

I have a couple of single family homes in Cincinnati, but most of my portfolio is in Columbus.

There is a 2 family we are in talks with acquiring for 200k.

However, they approach financial health from different angles.The 50% Rule is a quick estimate that suggests operating expenses (excluding mortgage principal and interest) will roughly equal 50% of the property's gross income.The DSCR is a more precise calculation (Net Operating Income / Total Debt Service) that determines if a property generates enough income to cover its debt obligations.Deal example:- Class C middle class neighborhood- 4bd / 2ba single family house- ARV: 190k- Purchase: 105k- Rehab: 35k- Market rent: $1,400-1,525- Section 8: $1,475- Property manager: 10%- Taxes: 125 month- Insurance $1250 yr- HOA: $55 month- purchased and rehabbed with all cash.

Only eight or so have participated in Section 8 housing—and every one of them lost money and quit after the first year.

A family needs a washer and dryer in the house, if you don't add I think you'll take a hit on rent and take longer when there's a vacancy. 

A big part of that will be condos and multi-family apartments in place of the single family homes that WERE there.

From the architectural wonders of Downtown to the tranquil, family-friendly communities on the outskirts, there’s always something new to explore and learn.The city’s constant evolution means different investment opportunities are always surfacing, whether it's the push for sustainable living or a growing emphasis on smart home technology.

People who want to do multi-family deals of all sizes but I have yet to meet anyone who have similar ambitions all-be-it this is my first post as such.