Property was completely occupied and had recent updates.

I am planning on moving into my rentals before selling them so that I can convert them back into owner occupied to take advantage of the 2/5 rule.Best of luck. 

When you've got an occupied apartment in an area where local rents have increased quite a bit over the last few years, what are the deciding factors in whether you take the initiative to renovate it and increase the rent to the new market rate versus let it sit and accept the lower rent?

I am interested in using the VA Streamline Refinance (IRRRL) and renting out our current property, then reusing my VA benefit for the second, owner occupied home we may build that is closer to work.

I have always wondered if such investments are made by someone who is retired, has lots of time and money, and is looking for a hobby to keep occupied?

@Matthew Brill what do you mean by “non own occupied loan”?

TBD but so far property is fully occupied, functional and cash-flowing.

@Essence Leandre we find a lot of success targeting tenant occupied lists, the main reason being… there’s a lot less competition!

Purchase price: $810,000 I'm a big believer where there's a will, there's a way.My girlfriend and partner, Emily, and I are one year into real estate investing (we started with an FHA owner occupied four plex) and we've known from the jump we wanted to scale to commercial multi-family properties sooner rather than later - for the ability to force appreciation.

In Indianapolis, the tax rate is 2% of value a rental, 1% - homestead deductions for owner occupied.