I bought a building with a partner several years ago. 

The main downside is the loan limits for a house with ADU match a single family, not those of a duplex (which is higher).Rent control applies to MF where unit is older than 15 years old.  

Hi, My name is Haiden, and I'm looking to purchase my first residential investment property within the year.

For Middletown Ct that is quite a market value increase year over year.

The building has been on the market almost a year and is probably still a bit 'overpriced', although I have yet to do a comp deep-dive with my agent (soon!).

Per their website, with a purchase price of 219k, 30 year fixed at 6.5%, renting for $1,850  a month, monthly cash flow is $508 a month.

August 2024 payroll numbers continue to show a resilient job market, despite revisions expected to push the data higher, following a trend seen in previous years.

A couple years ago, I went to see a tenant occupied house but the tenant wouldn't answer the door to allow me in.

The home has a 27 year old but still working furnace. 

As we have witnessed in the past, specifically the years of 2020-2022, when rates dropped, everyone jumps in to buy a house, which drives up competition, which in turn makes housing prices go WAY UP to the point that people OVERBID on properties.