Nothing like being able to sell the dream of dinner and a movie to your potential tenants, to help them see the need.

Do your due diligence but do not get stuck in analysis paralysis.Lastly, these online calculator are a good guesstimate but it is skewed with bad managers not effectively reaching the potential of a property So dig a little deeper into the high performers in the area to figure out what the rate should be and what they offer.

Property 1: 276k balance, 450k BPO, monthly cash flow average $500 Property 2: 376k balance, 700k BPO, monthly cash flow average $450Property 3: 420k balance, 650 BPO pre garage, monthly cash flow $550 once garage is done Potential purchase: 375k purchase, 75 down payment, 3 units, currently rented.

Since MFHs are primarily targeted towards investors, this narrows down the potential pool of buyers.

If the market is great and has future growth potential expect to pay a premium.

This could involve budgeting strategies, saving goals, and even potential investments for the future.

I would not buy something that needs mild renovation out-of-state as a brand new investor as you will not be able to manage it and will pay 4x the cost and it will take much longer and you are likely to get scammed if you have not built a proper funnel.

I agree with @Erin Spradlin - I think if you can confirm/convince potential tenants that there is plenty of on street parking it is not an issue, but if it is in a busy neighborhood where finding parking could be difficult I think adding the parking area would help a lot.

Potentially, but highly unlikely.

You should also consider whether the property has the potential for value appreciation or renovations that could boost your rental earnings.