If your home will likely remain economically viable  (not in path of redevelopment in next 10 years)  its probably worth looking at some systems upgrades.

PITI is $522, but you also have to account for maintenance, vacancies, etc.It definitely looks worth investigating further!

These type of properties are typically much easier to find financing from a commercial small business lender rather than a true real estate lender - I would point your search in that direction

A lot of the popular, no money needed, strategies like being a wholesaler, getting a partner to fund the deal, or STR co-hosting / arbitrage are a bit of a paradox because the people that have the expertise to effectively implement these strategies are typically the experienced folks that don't need no money down strategies to invest.

Do you think the restrictive rent control is worth looking to buy in Takoma park if I can find something there?

How much is typical EM on a multi family asking 4M?

I just started my new job a couple months ago so that might be a problem for me as I don’t have 2 years worth of income history.

Those two together create equity.Here's what I want you to understand about “buy and hold” residential real estate:Let’s use a single family home with a property value of $300,000Let’s use an initial loan amount of $240,000Let’s use an interest rate of 7.25%And I’m going to give you $150 of cash flow per monthUse a 5% appreciation amount for your property per yearLet’s see what happens after 5 years:After 5 years…$150 of cash flow per month = $9,000Your mortgage has been paid down to $227,000 = $13,000Your property is now worth $382,000 = $82,000So that’s $9,000 of cash flow, $13,000 of principle buy down, and $82,000 of appreciation.

He also observed some active water penetration into the basementI am trying to figure out if it’s worth it to look into fixing it and trying to make the deal work, or if I should just keep looking for a different property.

She has been worth her fee twice over, and has helped me a lot.