Hi Everyone, I'm very new to all of this and need a little bit of advice.I am currently working with a real estate agent that I know personally, I will be her first multi family purchase shes new to real estate but has a mentor at her company that has been doing it for decades and provides a lot of assistance though she isn't available very often so we are sometimes on our own and learning as we go.I have been renting the same place for the past 10 years and the owner is selling so now I have to find another place to live, instead of renting for over 1k/month I decided to purchase a multi family, at first I was looking for duplexes but then came across a 3 unit the asking price is 180k, it is two 3 bedrooms and one 2 bedroom, it has a 2 car attached garage, washer & dryer hookups in each unit, newer heating systems tenants pay all their own utilities except sewer and water which is roughly 2k per year the house also has 3 seperate large storage areas above the garage, and it also has a decent sized back yard. 2 tenants have been there for over a decade in the 3 bedroom units and 1 tenant has been in the 2 bedroom for about 6 months.

I am also working full time so I have definitely have enough funds which is why I decided to invest in a OC but it seems like it’s pretty tough right now

If you’re planning on one project at a time, you can decide what you want to do and what you don’t feel comfortable.

Besides if they decide to hold the property instead of sell, I'm not sure there is much you could do to force them to sell.

  $400/month is the rent.  5 years ago a tenant moved out and we decided to make it a STR and charge $400/week. 

Hello all, I have been renting my first property for about 5 months now to a section 8 tenant.This property was my personal home for about 5 years and I decided to rent out and test the landlord setting out.

I am trying o decide If I want better cash-flowing properties or better appreciation because getting a combination of both looks difficult.Sara Abernethy-Thanks, I will definitely look into Pittsburg area,Gary Swank-Will definitely look in Pittsburg marketJacob Gildea-Will look into attending Camp Hill meeting, Thanks for letting me know.

Factor in all the facts and decide from there.

Raise your tenants rents annually, there is no excuse to be under market, and when they decide to move out that is when you renovate and then raise the rent to your new market for the new tenants.There is no financial upside to renovating when you already have paying tenants.

I decided at the time that I wouldn't pursue it as I convinced myself it was risky in case the neighborhood turns for the worse.Well, the property I purchased ended up renting very quickly and for $200 above the projected rent and the property next door just dropped in price, so it's looking attractive again.I'm hoping BP can convince me one way or the other.