I'm also going to file an ethics complaint against the listing agent for double ending a deal with someone who has an agent already.I can and do make things difficult for unethical people in this business.Also if some one doesn't have an agent and goes straight to the listing agent....that person is going to get so taken advantage of, while being convinced they got a good deal.

accidemtal double post (?)

I return to the states in the spring also and my goal is to double my rental portfolio next year if I can. 

Hey guys, I was running some numbers today and would love if someone could double check my assumptions for this place.This is the BRRR report from the calculator.

I believe an FHA loan requires you occupy the property for at least 12 months. while you need to double check this, if accurate, it means at month 13 you could buy another place, FHA insured at 5% down, and pick up a second property. that is a strategy you could implement over a number of years if the math works. as for a multi-fam that allows you occupy one unit, vs. single fam house or even condo, it just comes down to math. there is nothing wrong with having a friend or random occupant rent a bedroom from you, as long as the rent reflects fair market value (so I don't agree that charging a friend rent "could strain the relationship" - unless you're over charging of course). beyond all that, it is absolutely critical, obviously, that you screen your tenant / roommate rigorously - and living with "friends" isn't always a good idea. create an excel spreadsheet of these three verticals, any others I may have missed, with math predicated on what your local market reflects and feedback from lenders and see what it looks like. 

Oops double post.

You can charge him for damages, not wear and tear. so check BP for what's considered wear and tear.Keep receipts of what was damaged you need to replace.Take move out photo's to document condition and fill out a move out sheet with charges for anything damaged or needing extra cleaning.If you rent apartment before the 30 days your charging rent for your going to have to adjust his move out charges for rent as you can't double collect rent from 2 people for same period.If he owes more than deposit, send him the bill, If he didn't provide a forward send to his apartment he vacated let the post office forward.Check your state landlord tenant laws for security deposit,, just make sure you send him his security deposit statement in the mail with in time period allowed.

For SFRs they are about $600/year, but you may want to double check your specific city.

Accidentally double posted and I am editing this one to redirect traffic for the other version of this post.

For what you described in work, my budgets would be doubled.