The location (schools, restaurants, crime, etc) is decent but nothing too promising in terms of appreciation (3% annual average) Here are the details: Purchase price: $170,000Rental Estimate per month: $1500-$1550HOA: $1000/yrInsurance: $1100/yrTax rate: ~3.4%I assumed the following:I use a 20% downpayment on a 30 year fixed conventional loan w/ 4% APRNew build so warranty is covering most things so minor, if any, maintenance will be neededTake into account 1 month of vacancy per yearTake into account annual broker fee to list of one months rent~5K closing costs~2k in appliance purchasesResult: Assuming rent range of $1500-$1550/month and assuming 1 year I wont have to pay the broker fee to list:From my cash flow analysis I am projecting to have positive cash flow of around .02%-2.1% per year.

I gave myself 6 months to a year to increase my educational knowledge and practice deal analysis.

I think I will spend a little more time doing a cost analysis on converting to a fourth unit.

A live in flip would be something you buy as a primary residence at a steep discount that requires some work, that you can do over the course of the year, sell for a profit, and roll that investment gain into your next project. 3.

It could also matter to the tinkerer that wants a place to work on small projects and it doesn't look like there is anywhere to do that on this property.  

Hi BP. I'm looking at several apartment buildings for sale in Idaho next to a major university. I received some initial information about a complex, and I'm trying to decide it is worth a second look.It is an 12 unit ...

And some weirdos (like me) bake in a lot of "what would happen" scenarios when we're doing financial projections trying to model out a pullback and we have a bunch of money sitting in bank account earning 1% as a "just in case" reserve fund.  

I source properties and conduct concrete deal analysis for my investor clients.

I was inspired today by the most recent BP podcast, and as it states; I am training my self to think about "how  I can expedite  my goals to financial freedom VS making excuses and giving into fear and analysis paralysis. 

I'm guessing some people us the entire ground floor for parking in such instances depending on the scale of their project).If you don't mind me asking - have you (Anyone else reading this thread too) or do you plan on doing this sort of expansion with any of your own properties?