We saw huge appreciation in the 2018-2022 inflation run up, but that has significantly slowed these days in my opinion.From a rental perspective your monthly income per unit after all expenses with a typical 20% down payment is likely $100-300 when you find a property that will cash flow.

Ask how many units they manage and how much experience they have.

Ask how many units they manage and how much experience they have.

He took a 401(k) loan to fund the down payment on a four-unit building in a rapidly appreciating neighborhood.

Job included inside work of leveling floors, installing flooring, paint walls, kitchen cabinets, etc in both units, as well as lay a new driveway, fence the back yard, provide attic fans, and install electric to the crawlspace to add lights and a sump pump.

Also, you don’t need a business license just to look at properties, but if you buy a bigger property, like a multi-family unit, you might need a certificate of occupancy, depending on the local rules.For business trips, most expenses can be deductible, but if it’s part personal and part business, you can only deduct the business portion.

I have bought a couple of units and now working on my own development.

I was talking about multifamily closer to 10+ units like you said than just 5 units, so there might have been some miscommunication there.I appreciate and respect you, just wanted to make sure the facts were straight.

I have tons of my units leased by people who do airbnb.  

By this point, they will have already thought about what might happen if you leave, including the need to turn over the unit and find a new renter.