It is so much better as we make a nice chunk of money $600-800 and don't have to argue with tenants over little repairs from security deposit/potential litigation.

Keep in mind you need so many different website plug-ins and features and you have to make it secure for credit card processing.

Planning to purchase in Phx,Az and surrounding areas, my equifax score is 700, experian 645,no debt whatsoever, have 1099 for 2022 and 2023 (required 2yrs), on my 1099s it says i make 135k per year, do not have tax returns (yea, yea), im planning to first start with my bank wells fargo.This would be my first home and at 1st plan to live in it, possible house hack, going for a -$300k loan. should i go traditional, fha , i plan to be on a fixed rate so I dont get surprises later on.In my situation, what down payment amount do you think will be needed .

In the specs, it says it can pump water up 20 feet vertically, so that should get you out of a basement if it has a window or something.

@Karl Kauper going to guess your current PMC:1) Is having too many tenant nonpayment issues for your likingAnd/or2) Refusing to share their background checks with you, so you can make your own approval decisions to address #1 above.Several factors may be at play here that you may want to consider before being trigger-happy:1) For several legal and contractual reasons, it's pretty much NOT possible for a PMC to share background checks with an owner. 2) What Class of property do you own?

Monthly Payment AmountRent Comparison: If the property would rent for $1,500 per month, you may want to structure the financing so that the monthly payment is similar to or slightly below this amount.Example: A $180,000 loan (after 10% down) at 8% interest on a 30-year amortization would result in a monthly principal and interest payment of about $1,320, which is close to the rental value and should be appealing to buyers.5.

I was referred to you all by a contact and have been eating gup the podcast this past month or so.

So, now almost two years later, I've had to close my flipping business because I can not seem to recover from this loss. 

Use this rating and classification system I have created over time to get an idea of the "Class" for the area - A class B class & so onHere is my rating & classification for each livability score.80 and above A+78/79 A76/77 A-74/75 B+72/73 B70/71 B-68/69 C+66/67 C64/65 C-60/63 D59 and below F

So your 5-plex will help you with your ability to get into commercial real estate.