I'm now 2 houses and 2 kids later on my owner-occupied journey, and while the bigger house and bigger equity I am currently in are nice, I loved living free with 450/mo x 3 units covering my $890/mo mortgage + tax/ins back then.Back to you ...- I second idea of entity owning and you renting.

They look really nice!

We are looking to relocate so it would be nice to hear some feedback on some new places.

If you want a fairly turnkey property, expect to pay at least 90k for a nice duplex that could give you a reasonable amount of cash flow.

The guy doing the work will still get more AND you will have a nice clean division between what is subject to FICA and what is not.Then on the next deal if you want to hire out the work instead of one of the principles doing it, it still stays clean.

They sound like really nice guys and they have found a killer deal right in the heart of the city.

Nice to meet you.

Its a 4 unit in a nice area, listed at $225,000, doesn't need any work and is fully rented at $3,200/mo.Details:Taxes: $4,250Insurance: $2,400Maintenance: $300/moVacancy: $330/moLL utilities: $75/moMonthly expenses: $1,260Financing 100% through personal loan & mortgage: $1,350Monthly NOI including financing is $590Thoughts on this deal?

Along with the BPO you can take a peek at it on zillow/trulia/etc and see what the house looks like (google maps street view is great), as well as what the other houses in the neighborhood are listed for.You can quickly figure out if it's a nice neighborhood with manicured lawns or if it's a junkyard.

If you are going to flip the house not only do you want it to look nice (professionaly done) but you want to feel comfortable when you are presenting your property for sale or rent.