Original Purchase Price$305,000Down Payment$28,793Closing Costs$11,527Rehab Costs$80,500Mortgage Costs$30,056Utilities$1,275Taxes$2,729Insurance$1,251STR Furnishing$10,142Total Costs$125,953LTR Income$7,000Net STR Income$21,234Total Income$28,234Total Capital Invested$109,246Appraised Value$540,000Loan LTV%70%Loan Amount$378,000Mortgage Balance$325,148Closing Costs$9,805Cash out$43,047Net Capital Invested$66,199Starting Equity$133,207Value Created: $67,008Hours Worked: 595Hourly Wage: $113I was only able to refi at 70% LTV, so I left $66k in the deal.

The pitfalls of these kind of scenarios is generally proving to the IRS that the payment was for actual work done.

Obviously aware of the major costs to consider (down payment, insurance, closing costs, etc) but was looking for help on other costs to include during that evaluation.Rehab costs will be specific to each property but just wanted to make sure there wasn't anything major I was missing! 

This will allow you to put down a 3-5% down payment, compared to 25% if you were to rent out both units.

Thx to his teachings, I sold my non-performing trophy multifamily and am in the process of 1031 exchanging it for money-making rentals.

I have non-renewed in the past but with all the changes in laws I thought I would reach out to the community and see if somebody can advise on any gotchas or procedural steps I must take to non-renew my current tenant and stay out of trouble.Thanks.

Will the asset support the agreed upon payment?

It gives you a chance to discuss options with the tenant such as electronic payments etc that they may not be familiar or initially comfortable with. 6.

This would require a high down payment and I would be splitting equity with my partner.Option 3 Don’t Buy in San Diego: I am open to investing out of state but would likely not house hack and instead would setup a LTR or STR.

I do have enough money saved up for a down payment on a house in a cheaper city, just not Denver.