We start with the ARV and back into the target price we're willing to pay by subtracting out the rehab budget, contingency reserve, profit margin, buy and sell side closing costs, and holding costs for the time value of money.

Feel free to reach out if you have any specific househacking questions! 

This process is quite specific and must be adhered to with strict guidelines, including timelines and the nature of the property being purchased.Another method is the lazy 1031 exchange which is banking passive losses on your 8582 FORM from depreciation on other parts of your grouped portfolio such as several other real estate syndications.

I’m in the process of trying to find best area to invest a multifamily in, within my budget, but how do I look up or find areas that are renters area or high probability of renters .

Kind of a rookie question but is there a site or a universal formula to estimate insurance when analyzing deals other than contacting a insurance agent in the specific market? 

This could be on specific times and days of the week. 

I also chose the "wired' camera version, specifically because I didn't want to be changing out batteries or charging the cameras every so often.  

Some people are very sensitive to smoke/second hand smoke and will select a building that specifically is non-smoking.

We went a little over budget, but since I was so conservative on the underwriting we were still able to make money.

I'm prioritizing safety, good rental potential, and proximity to Rice.What's a realistic budget to get started?