Here in Denver, it makes so much sense to add that room or just pay a little extra for a 5br house up front. 

Why are you trying to pay $99/month when you can just go to in-person meetups and 10x the experience in 1 hour?

Requiring renter's insurance (separate from your property insurance) is also very important since they typically would not have the cash reserves to pay for a major damage such as water damage, ruined floors, fire/smoke damage, and you will be sued by 3rd parties if something happens to them while at the house if they have to go to the ER. 

This ensures you’re not being overcharged or paying for unnecessary work. 

My tenant was paying 2200 and my mortgage was 2700 per month.

Hey all, looking forward to beginning my journey in RE, learn from this great community, and to pay it forward!

Though it may seem to save them money, many homeowners end up with shoddy work being done that isn't to code, and end up paying a fortune to get it corrected.  

You have earned income within Georgia and will be responsible for paying state taxes on the income earned within the state.It may also be possible that when you sell the property, that the title company will require withholding done at the time of closing and remit it to the state which you can claim as withholding / tax payment when you file you Georgia non-resident state tax return.Best of luck.

Hey BiggerPockets family,I was just approved for an owner occupant, Fannie Mae, 5% down with a purchase price of $1.3 million for a 4plex in the Phoenix Metro of ArizonaMy middle FICO credit score is 759My current DTI debt to income ratio is 30%I have enough down payment, closing costs for the subject property, and enough liquid reserves for all 10 of my apartment buildings totaling 45 units in PHX Metro AZ my mortgage lender quoted me with a rate at 8.125% with me paying 0.156 points totaling $1,920My question is,does this 8.125% interest rate sound reasonable for an owner-occupied fourplex 5% down Fannie Mae conventional loan as of March 27th, 2024, at 1700 hours?

As someone who does this, we actually take really good care of the property because it needs to be in top shape for the corporate client.They usually pay a premium to market rent too.