Does your unit need work/upgrades that you are low estimating the costs for?

Minor Upgrades and just rent rooms.

If so, they may still require the sprinkler upgrades in order to qualify the units as subsidy eligible.

The property I am buying would need a minimum ARV of $187.5K to refi with them to arrive at $150K financed, and that's probably right on the edge of what it might appraise for after a massive amount of upgrades.

I don’t have the money to purchase but I have the skills to upgrade the house.

Our home is 2 years old, has some upgrades, is on a lake, in a wonderful school district and is about 2 miles from the beach.

Beautiful neighborhood, we love living in this area.Renovation currently being done to upgrade to modern styling, it looks great so far.Definitely turnkeyFor both, I looking of doing a 30-year fixed conventional, 15% down.Property 1 feels more "responsible" in that it will leave more cash in our pockets right now -- but, the neighborhood is less desirable and the commercial corridor likely won't be improving for awhile.

My main question is, if I don’t plan to do a tremendous amount of work in the new property, but I am willing to do some cosmetic upgrades, does it feel safer to buy something that’s already occupied and has good tenant history… Or some thing on occupied where I can be sure tenant selection is stringent?

I got tired of the monthly fee whereas the one-time desktop license will last 2 or 3 years without needing an upgrade.

Basically using the sale of my duplex to upgrade my unit total.Therefore my questions are a) Those this sound like a good idea, b) if so, where do I even begin when it comes to looking for multi-unit properties for sale, c) are there forums on BP that have already gone in depth regarding this strategy and what it takes to manage a multi-unit (more than two) building?