I believe the play is to either improve the existing building and raise rents or the zoning allows for apartment buildings and the lot is considerably big, so maybe build new.

I was thinking of DSCR as well as it would have no problem with LTV or DSC Ratios on appraised rent vs. expenses.

In California, the law limiting landlords to a maximum security deposit of one month's rent for unfurnished properties and two months' rent for furnished properties went into effect on July 1, 2024.

Do not add a unit and rent out each garage (2 of them) individually for $150/ month.

With current inflation, student loan debts and other burdens most Americans can't save enough money to put a down payment on a house and qualify for a loan.

Here’s a recent real world example. . .This deal was put together by my former student, current friend, and now successful real estate investor.Source: expired listingLocation: investor, Florida; property, IllinoisType: long term lease option via a sandwich leaseTerms between investor and homeowner:a) 48 monthsb) option to purchase price $135Kc) rent, $1200d) cash out of pocket, $0.

Not sure what standard move-out procedure is to get the property rent-ready again. 

I currently reside in one bedroom and rent out the other two bedrooms.

The rent for the 2/1 is what I used for the calculator.

Purchase price: $619,000 2 family house in new york city. i rent out to city government programs.