I just purchased a 2 family home in the Bronx (NY). 

How much will it add to the homes value in the long run.

For example a 5 acre lot is not worht 5x a 1acre lot if it can only support one home.

That means don't put bills in your personal name or have anything that would indicate on your credit that you used that address as your primary home. 

Ultimately it's a matter of preference and deal dependent, and inspections are not necessary if you're confident in the price you are getting Appreciate the reply, I think I'm on the same page, not sure why did it on the last home really 

Also, you guys will have to decide what you're willing to put into the home.

I want to utilize either a 2nd home type product or investment property product.

Still, at least 20% down on each home.  

Realistically, if rents can't keep up with costs over the longer term, fewer people will buy rentals and there will be fewer options for those who can't afford to or choose not to own a home.

Hey BP Fam, two questions for you. 1st question; is there a huge difference in the rate for a conforming conventional loan for an investment property vs primary home?