If a major employer like Ryobi, Knauf or Casino pull out for whatever reason, think about what would sustain a town like Shelbyville. 

To be a competent investor in the future, I want to invest time now into learning the ropes.

The property is a 5 unit building with the following information: Rental income is $4,000 per month or $48,000 per year totalTaxes are $375 per month or $4,500 per year (this is higher than current but factoring in that they will increase)Estimated insurance is $200 per month or $2,400 per yearExpenses: Vacancy 8%Management 10%Other expenses Landlord pays water at $400 per month or $4,800 per year Realize this could be a cost savings in the future, but want to analyze as isGeneral maintenance (including minor repairs on property) including grass and pest control estimate at $300 per month or $3,600 per yearCapital reserves for Cap ex (appliances, windows (52 windows on building), roof, siding, etc. which I based on building a capitalization table based on useful life of items and number of units) at $460 per month or $5,520 per yearLoan: All in after down payment the loan would be for $300,000Assuming 7% interest rateAmortized over 20 yearsThus comes out to $2,325 per month or $27,900 per yearSummary Income Per Year:$48,000Property Exp.

So as mentioned, house hacking is the best way to dip your toes into the real estate world and it's a great financial move to set you up for the future.

@Joe Splitrock It's strictly a hypothetical for future purposes.

Would love to hear more from him in the future.

@alex deacon, thanks for your reply appreciate your advice, in the future i would like to navigate PA market, send me your information in a private message..

It is fairly common but not all lenders do it, it will be harder if there are multiple owners of the LLC especially if they are not immediate family.For future reference when tagging someone type the @ symbol then the first few letters of their name, then select it from the drop down, this way they will get notified when you mention them.

Brendan, my experience is that you may need to wait 6-12 months to satisfy the FHA and your future Refi lender's conditions. 

I would let them know that an eviction is not just another collection item on their credit and it will be a very large red flag for future landlords and other credit grantors.