Hello BP.I keep running numbers on properties to get an idea of what is out there in attempts to find my first deal.  I am hoping some of you can provide feedback on this report I made.  I keep coming up with similar ...

A bit of background information:Currently own a home with my fiance'The house was financed solely by me using a DPA Bond / Conventional loanThe idea:House hack a duplex, possibly a triplex, by purchasing the property via FHA loan with my fiance' as the sole applicant.

BTW, long term goals are buy and hold single family or duplex homes within driving distance.  

Neither if you are in an area where there are multiple multifamily properties even if they are duplexes or triplexes that will probably be a better option you can find a good median or average cap rate and calculate ARV based on that.

We put in a new door and replaced the plaster with dry wall, just to find out later that there are now imprinted knuckle punches in the brand new door (ouch!)

Thanks,Peter In some cities, keeping a wall or two (whichever they specify locally) makes it a remodel instead of a new build.

I didn't mean to imply that there would be.I agree completely that the lightbulbs, etc are totally on the tenant.I just don't want to get Work Orders for every ding they find in a wall.

Dirt and mold covering the walls and blinds in every room.

and we aren't afraid of a property needing some cosmetic TLC -Duplex, triplex, or quad that we can house-hack; 300k max budgetSingle-family home (3 bedrooms max); would like to stay around 150k if we go this route.

I joined the Wa LL Assoc. and they have acceded my expectations by a long shot.