Unfortunately in that price range from the "box" stores the quality is going to be crap although it should last quite a few years.

There are things I wouldn't have to do such as carpeting because my local hardware store installs for free with purchase of carpet, etc.

I've been just getting started in the whole prospect of real estate investing only a few months now, so I'm very new and ambitious. 22, full time salesman at a furniture and flooring store in Massachusetts but I've only been here for a few months as well so the plan was wait until I've been here at least a year and save up that 3.5% to house hack a duplex in the area.

@Percy N. drove by Northridge the other day and saw some fresh paint, assuming a test for the next color scheme.

As a manager of a hardware big box home improvement store for 10+ years now, I oversaw a $3 million store remodel, while managing to run the store team, General contractor, fixturing contractor, electrician and meeting deadlines throughout all 4 months.

triplex, back yard, 3 garages, close to Mills college, store and business What made you interested in investing in this type of deal?

Hey BP Fam,Its Marc here, the Nubie from NJ.So part of my of my investing strategy is to buy and hold multifamily in areas that have a blue collar worker force, specifically in zip codes with major Logistics and Warehouse hubs, as I believe eCommerce and online shopping is fueling their growth, and these fulfillment centers are fast replacing our retail stores - and they need man power to run them.......that being said.... 

Property Info:3 BR / 1.5 Bath / 1200sq ft Bought in 2017 for $163500 Down payment of 5% + $3k in closing costs30 yr FHA loan @ 4.375% Remaining Principle Balance: $145kMonthly rent: $1500 Vacancy: it’s never even had to go to market to fill, but I’ll say 1%/mo just to be safe Cap Ex: I bought it freshly renovated, but I’ll use 5%/ mo to be safe Repairs: 5%/mo to be safe, but in 3 years of owning it I’ve probably spent $100 total on repairs.

I'm not a lawyer (do contact one), but if I owned a home I would either not hire a tenant at all, or pay them hourly and NOT keep them "on call" or anything else.Discounted rent as wages (think "company store") carries significant recordkeeping requirements, and yes there are people like me who are well aware of them and have lawyers ready to educate landlords who disagree with us, and their money is no object.

Property managers use regulation-compliant lease agreements, not a generic form from a stationery store.