I'd definitely welcome any feedback or experiences investors have heard from potential renters on this. 2BR 1 bath unit that is decently updated and wouldn't require any work beyond paint.

I will definitely meet you if you regularly attend TREIA.

Is 20% down a good plan or should I do less and use the extra money for updates to the house?

I'm pretty handy, so work doesn't present to much of a challenge.I bought a home in 2011, have enjoyed updating it and learning new skills and love the appreciation, so we're ready to add a few more properties to the portfolio.

At first i thought i was over estimating but as i look more and more there are less and less apartments available for rent and the absolute cheapest ive been able to find a 2 bedroom for from hillsboro to pittsfield is 900/month and there is very very little available to rent in these areas the only ones i can find and they are not luxury apartments hell they arent even updated apartments and they are going for 1200-1300/month, i found a couple 4 units around 150-160k that are at full occupancy renting for 975/month i believe rent can be increased in these properties to at least 1k/mo which would be 3k income for 3 apartments same plan as my original post with a slightly higher mortgage payment.

If a tenant tries to pay with Cozy on the 5th and on the 7th you find out there are NSF, you have to be prepared to take action, but it's been my experience that Cozy works very well and send you updates as necessary.

Most investors do not treat it as such and allow tenants to regularly violate basic terms of the lease.When these Landlords share the problems they are having, more experienced Landlords may seem harsh because we are attempting to correct a major flaw in the way they operate their business.

Latest Data On Houston Market From RECONHouston Housing Market Has Strongest January On RecordHOUSTON (Realty News Report) – The new year started off on the right foot as local Realtors had the strongest January ever....

She feeds me off-market multifamily deals regularly and knows the neighborhoods very well.For medium to large multifamily, Altay Uzun with Marcus & Millichap runs a lot of volume in the market.I’m a principal in multifamily deals around Hampton Roads and like Olde Town Portsmouth, parts of Norfolk, and parts of Virginia Beach.What are you looking for?

My criteria for buying are at least a 10% CoC return, and $100/month or more in net cash flow PER door (hopefully closer to $200/door).List Price:  $179,900Down Payment:  $44,975  (25% down, assuming I buy at list price)Repair Estimate:  $5,000Closing Costs:  $2,500TOTAL CASH IN:  $52,475Loan Amount:  $134,925Loan Terms:  5.25% fixed rate, 30-year mortgageMonthly P&I:  $745Monthly Rents:  $2,000 ($1,000 per side)Vacancy Loss:  $100/month (I estimate 5 - 8% on multi-family properties, depending on how popular the area is).TOTAL MONTHLY INCOME:  $1,900 ($2,000 - $100 in vacancy)Taxes:  $154/month (you can usually find the actual tax amount paid for the previous year on your city's website)Insurance:  $100/month (ask other investors in your area what they pay, or for recommended agents who can give you quotes)Water/Trash:  $80/month (this is typically paid by the landlord in my area)Sewer:  $50/month (also typically paid by the landlord in my area)Lawn/Exterior Maintenance:  $75/month (my property management company offers this service)Maintenance:  $100/month (people budget anywhere from 2 - 10% for this... if it's a well updated and maintained property in an area that attract responsible tenants, I budget on the low side)Property Management:  $100/month (usually 8 - 10%, but you can find PM companies that do it for less... just make sure they're good at what they do!).