The down-payment and closing cost shouldn't be that high for him to pay by himself.

Everytime I see someone post something like this I cringe as it never ends well when a GC is not being closely managed

It’s important to carefully analyze the numbers to ensure you’re getting a good return on investment.Appreciation: Tallahassee has seen steady appreciation, but it's not as fast-growing as some other Florida markets like Tampa or Orlando.Alternatives NearbyIf you’re finding Tallahassee a bit pricey, consider looking at other nearby markets that might offer better value:Alabama: Cities like Birmingham and Huntsville are close by and can offer more affordable purchase prices with strong rental demand and high ROI potential.

Wherever you move, make sure that you are close to work.

Hello, I’m on the verge of closing on a duplex in Stamford CT, looking for some guidance from those that have invested in and are familiar with this area.

. $40,000 including closing cost) under my wife and my name since we will be living in 1 unit and rent the other unit out.

Immediately after closing, we registered an LLC so that we could protect our personal assets as landlords.

As you can see, the numbers aren't great from a CoC return standpoint with current interest rates, but the location is strong - great schools, close to large hospitals, 10 mins from downtown, and popular suburban towns nearby.

For restaurants, rent should ideally be under 10% of gross sales, so I believe $5,500 a month is fair.The seller doesn't have a rent roll or strong financials, and his tax returns are 50% lower than his claims.

If you find a motivated seller in some kind of distress they may negotiate substantially lower. 3.