Remember, that padding will help to protect the floors in addition to the carpeting!

Consult with a mortgage broker or lender to determine the best financing solution for your investment goals and financial situation.Property selection: Look for properties that have the potential for value-add improvements, such as cosmetic upgrades, energy-efficient upgrades, or additional amenities.

Additionally, and obviously, you will make less potential profits.To the OP: You will not be able to "grow" your portfolio at any substantial pace with this model.

Your plan is sound, but you want to make sure your whole family is on board and understands that you will be living next door to a tenant who may knock on the door at any hour.

I invest in mainly small multifamily out there and I live in California.

I don’t know when you’re planning on retiring but I would venture to say you can work a few more years and save $300k a year and spend that on additional investments and in a few years increase your net worth by at least $1 mil.

They are saying if a person lived on the property for more than 14 days contiguously then their damages can't be considered vandalism.

"So, Mr Smith, in addition to doing plan take-offs and making sure the window schedule is correct, you're going to go sit with your supplier for a couple hours and go over details?

I live central New Jersey and am under contract for my first duplex.

The people willing to live there have made horrible tenants.