knocked down a wall to make larger and more functional living room, remodeled galley kitchen with laminate counter-tops and tile.

knocked down a wall to make larger and more functional living room, remodeled galley kitchen with laminate counter-tops and tile.

I believe if the LLC is terminated then there is more room for potential liability.

Unless you're willing to rent a few rooms out in your personal home, rent.

Will also add a mud room which would be connected to the new (relocated) laundry room next to the rear entrance.

Maybe.Finally the 6 grand left covers the property tax and insurance with the first month rent or deposit and any other costs without a real estate agent taking more money as ill be the main guy making sure the proper paperwork gets done along with title insurance and the like, then we move in.

Here is my take: It might be time for updates, new LVP flooring throughout (you should be able to get decent quality LVP for about $4/ft installed), online the carpet looks stained, and the edges of the linoleum in the kitchen and bath look grimy; having a patch of carpet in the living room makes the place look smaller. 

There are 2 bed 1 bath units, the units have large living room with fire places (not working) and there are also large dining rooms and fairly spacious kitchens.

Hi all,I am new to BP and just starting to research how to start becoming a buy and hold investor under extremely limiting circumstances and was hoping the BP community could shed some light on the best financing strategy to use for my first few properties.Current Financial SituationA little background on my current situation: I am 28yrs old working in television in NY ( making roughly 55-60k a year- yes it is brutal) I just bought my first primary home 2 years ago in Williamsburg, BK to lock in how much I’m paying for housing year over year in a place where incomes don’t increase as fast as rental prices (2 bd for 340k (this is an HDFC which is how I got a home for this price in an area where the median price is 1.5 million) ) so obviously my DTI is extremely high at almost 60% with no other debts besides my primary home (I also have a roommate who pays me $900 a month for her room which helps with about half my total monthly housing costs) (had a great mortgage broker that really helped me wiggle in to my first home)I now have about 75-80k in equity in the home and access to a family trust with a similar amount of money in it and was looking for the best way to turn buying an initial first property all cash into the ability to buy more properties( out of state of course- looking at different areas in the country from PA to TX to TN to FL).

I'm hoping that would imply there's room to increase the rents via improving the quality of the units.Thanks again for the response and educating us on what DSCR & CAMs are about and how those figure into the numbers, we really appreciate your input.Cheers!