I just yesterday picked up a 4 bed 2 bath 1532 sq ft in Phoenix by taking over their loan of $169,000 using Subject To and giving them $5,000.

It equals roughly  438 a month per unit.  438*8*12=42,000....it could be all lot renters or it could and probably just rent...it could be decent deal depends on the utilities set up, but what is upside, going to be a lot more time/money due to owning all the homes, and what is your exit strartegy...normally this small of a deal is better off being all rentals due to the smaller amount of revenue that it produces...it just depends on how close you live.best of luck

@Brian AdzadiDo your tenants pay for utilities separately or are they included in your rent?

I just picked up my first rental income property.

The third unit has a long term (4+ years from what I understand) section 8 tenant paying lower than market rate rent with all utilities paid by the owner.

you can take her to lunch and pick her brain. 

Also, I charge more in rent if a unit is rented to 4 people as opposed to 2, as I cover some utilities.

@Brandon WardCongrats on picking up your license!

So things that are a red flag for me may be fine for someone more aggressive.1) Portfolio matching: (takes 30 seconds per deal)a) Have an educated opinion on where you think we are in the real estate cycles (financial and physical market cycles)b) Then only then pick the strategies, capital stack, and specialized asset subclasses that make sense for that opinion.

I've built a financial model that I utilize to help others investors analyze deals, so if you ever have any questions about valuations or the exit, please feel free to message me at anytime.