I rented the other 40% to a complimentary auto business, and was able to obtain a 20% annual ROI.

For example, several years from now when rents are up and you refinance to a lower rate suddenly you will have cashflow you were not imagining when you made the purchase. 2.

Plus the building itself must show receivables as a business or in rents to underwrite the NOI of the business, Rent rolls, and occupancy ratio if rentedHave you thought about starting small and simply buying some single family homes or 2-4 units and transition into commercial? 

Raised the rents from $1710 per month to $1875.

My thought is if I bought the property I could rent the upstairs and downstairs separately, perhaps the upstairs as a LTR and the basement as a STR/MTR hybrid, or STR/MTR hybrid both upstairs and downstairs.

I charge an early termination fee of about 1 months rent PLUS they owe rent until the next tenant is in place or the lease ends whichever is less.

A more likely scenario is you will be a landlord with a tenant, and you will be responsible for the upkeep on the rental as well as your own unit Then when your renter moves out or you evict the renter for non payment of rent you will need to pay to have the unit turned unless you can do this type of work yourself.

This all depends on the loan factors like Credit score, LTV, DSCR ratio (rents vs the PITI payment), and loan size.Good news rates are down but the other positive news is they are trending down and that means you can pull cash out now and then simply refinance in 12 months or more to lower the rate.

Purchase price: $465,000 Cash invested: $125,000 Four Family Property bought in an exchange, was in fantastic condition with just one unit that needed to be made rent ready.

I was able to rent it at a good price and have a good amount to save for expenses while also taking some home as surplus.