It’s definitely smart to evaluate the tax and cost implications of your funding options.

Even though the FMRs are $730, I was conservative and used $600 for my Pro Forma- The current owner hasn’t raised them at all because he didn’t want any turnover- outside of cleaning and painting, no big costs- Not Section 8 

If you are looking to buy in PA, its possible you can qualify for PHA KFIT program that gives you a 5% closing cost forgivable loan.

So, what is my most preferred to least preferred, it all comes down to cost of capital.  

For residential multifamily properties (1 - 4 units), can you use a home warranty to take care of the repair costs associated with rentals?

It’s smart that you’re looking into multifamily options, it can really help offset your living expenses while building long-term wealth.When analyzing deals, some key things to focus on are rental comps, vacancy rates, and property management costs.

Hey @Matt Smith 👋🏽I agree that it's not worth renovating the basement - too costly.

However, I still struggle to understand the art of estimating rehab costs. 

By year three, I aim to cover all operating costs and, by year four, to generate positive cash flow.Experienced investors say it’s crucial to persevere through the initial challenges while gradually building credibility through positive reviews, and I believe them.

Starting with house hacking is a smart move, especially in a higher-cost area.