I am still new to this and there is a lot to learn!

ya absolutely. most people just recommend multi family because it allows you to offset your income while living there without having roommates. also they tend to cash flow better so if the plan is to do this year over year making sure the rents cover your DTI when you move out is very important.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.PM us if you’d like to discuss this logical approach in greater detail!

My fiance and I are just beginning our real estate investor journey and excited to be apart of the BiggerPockets community.  We are excited to make connections with other newbies and experienced investors along the way.

The county is the second fastest-growing in the U.S. and the fastest in North Carolina.The zoning for the project is already approved, and with our captive audience of potential tenants, I’m confident that all units will be leased upon completion.I’m seeking advice on how to best structure this debt with a private investor or investors in the short term until the property is fully rented and long-term financing is secured.

Is this your first one?

Can anyone share their experience in this matter?

Is this true?

Sharing an article I wrote last year on BiggerPockets on financing options for small multifamily investment properties in case it helps!

Also, this creates misalignment of interests as the deal unfolds.3) Check the details of the operating agreement.