If we assume all cash and a 50% expense ratio (this improve with time due to the near fixed property tax) would provide 4.8% return from cash flow not including closing costs).  0.5 (rent ratio) * 0.5 (50% rule) * 12 (months). 

Great investment, a lot of learning, and a good ROI Lessons learned?

Quote from @Dan Huang: @Tyler Sweet I am a firm believer in the disruptive value of blockchain technology and decentralization, and a crypto-friendly realtor in Las Vegas. 

As someone who’s both a real estate investor and a property manager in RI, I know how important it is to stay ahead of the curve.

I asked him a lot of questions about the business and as soon as I got home I was doing research and joining RE forums focused on multi family.

There are two items that you need to completely solve this problem for your rehabs: properly built Design Boards and a Finish Schedule.

I have a house that’s a long term rental upstairs and a medium term downstairs.

You have to find a zip code that has a prevalence of multifamily and a pathway to build multifamily.

I carry the standard home owner insurance and a separate $1M liability policy. 

And yes, I understand leverage, but what other people don't understand is that you borrow to purchase a house and then essentially have to pay it back one and a half times.