Just got word yesterday that the seller accepted my offer on a 4plex!

If you're not careful you can easily end up paying $200/mo in subscriptions without even realizing it (this has been the case with my partner and I, between video game stuff and music and entertainment, etc. etc...).

Whenever I see the words beginner and house flip, my first reaction is don't do it.

I understand this is all based solely on a cash flow perspective.

Also, based on the new regulations (1 of the 2 units must be owner-occupied), how do you think this will impact the home's value?

Keep in mind if your jurisdiction prohibits discrimination based on source of income this works both ways... market rate tenants have the same right to rent your place as those with a voucher.

The one I am used to using provides cost estimates of various rehab products based on specs about the house.

Is not only how much you paid,  you need to pay right base on you resources.Find a good realtor that knows the market.good luckLuis Maqueira MMP

I say “currently” because there is a bill passing through the legislature even as we speak to remove that requirement for 3-4 unit properties, so patience might be rewarded.And just make sure the zoning allows 3-families before you make a decision based on that potential.  

My name is Rebecca and my husband and I have own Captain Save a Home LLC and also run Brew City REI Club, Brew City REI Training Cafe and Wisconsin Contractor and Handyman Club based out of Milwaukee, WI for the past decade.