This experience can help you scale your portfolio over the next few years- Local properties appreciate faster, which allows investors to reinvest their equity into more local multifamily units OR other markets where the cost per unit is lower (i.e., Philly, Upstate NY, etc.)The Bronx is arguably the best borough to consider the househack strategy.

Show you're qualified and sell yourself: Know and share your criteria, how you're purchasing (debt vs equity)?

We decided I’d utilize an FHA loan to buy my first property.

Currently cash flowing about $625/mo with $85,000 in equity Lessons learned?

More than likely a blend of my money and other sources.So, I'm assuming "other sources" is equity, not debt.

She can cover the difference so you break even and you split the equity, etc. 

Conventional loan How did you add value to the deal?

construction loan How did you add value to the deal?

I got a PA for 300k/FHA loan. 720+ credit score, 75k cash, and good income.

Hey @Jaycee Greene, we typically get loans from smaller local banks.