Hello,we've been looking to buy our first property in Missoula, MT and use it as principal residential and maybe rent a unit or build and ADU to get some income to help.The inventory seems really low, people are asking too much for what they are selling, and so far realtors don't seem to be positive about the situation.

Price 450,000Cap rate on listing is 13.35%Taxes 15,700Annual Gross rent 81,9008 unit property        4 commercial units (2 restaurants, 1 liquor store, 1 mechanic which uses the garage)        4 residential units (2 units are 1bed/1 bath, other 2 units are 3bed/1bath)The property is right off a main road with the train tracks to the side of it C class neighborhood The property will need renovations, roof was done this yearAll units are rented and have been long time tenants This would have to be a cash deal and was thinking about getting a hard money loan to secure the property and refinance out of it. 

I know there are a lot of anti 3rd party management owners out there, I don't blame you for lots of reasons.

My background is in darn near everything from new construction of residential and commercial properties, property maintenance, contracting, networking, team building, LLC formation, business ownership and accounting.  

I've been taking a hard look at residential lease options for some time, and I'm wondering if anyone has any specialty experience with lease options and if so, how well they've been working in the current seller's market?

It will probably be zoned “Residential”, butthe Railroad will not sale it without putting covenants on it, thatno human habitation (home, daycare, school, retirement home, etc) canbe built there.

@Brian KohtzIt’s funny, you listed all those different real estate careers, but most people overlook the best one of all…residential mortgage lending.

Try Elise Marquette with Paramount Residential Mortgage Group.

We are looking to buy mixed use property with 2 residential units and a store front2 units are rented 1 store front on the main floor is being renovated - final renovation will be dependent on the tenant Challenge is that the lower unit is not rented abs most of the lenders are looking for a lease We are not able to find financing and would love your advice Let me know what other information will be helpful Thanks

I am looking to start investing in residential rental properties in FL, initially focusing on SFH and Condos/Apartments to start getting a feel of the landlord experience.