See ya 9 unit.

I found this 2-unit property for 400k in a good neighbor in Chicago.

If the floors are damaged, it is likely that you could not charge them since 8 years is a long time to live in a unit. 

.- It's against FHA rules to use a 203K loan for an investment property, unless it's a 2-4 unit multi family and you will live on site.- 203(k) Loans are for Owner-Occupants- You can't use a 203(k) loan, legally, if you're planning to rehab/rent(not live in) the property.- The Cash Out Refi Seasoning Period is 12 Months.

I have a multifamily home with 3 units.

I bought a 2-unit property and now in the process of screening tenants.

2024 Q1 Wrap-UpCoStar Summary: Southwest/Bystrom is a very small submarket within the larger Modesto market, with just 616 units of inventory.

The exterior frontage of the townhouses look not great as in many units might not be good on the upkeep which could be an owner/tenant issue or an HOA issue.

You mentioned using an FHA loan, but that poses some real challenges in the city for a three-unit building because it's very difficult to find properties that can pass the FHA self-sufficiency test.

With that said, given how harsh the anti-landlord laws in the city seem to be, having a higher volume of tenants seems scary with only one unit.