Thank you Theresa, I also suspect that they lied about the three girls who have already moved in, but since they paid rent on time and the property seems got decently maintained (my PM just walk through it), I just want to put up with them, and sign a new agreement which will add the new people in.

BuyersFocusing on the changes around showing properties, t is more crucial than ever to vet your list of agents up front before even considering touring a home now that you are required in every state to sign a buyer representation agreement.

Hey guys, I live in Phx,Az , single no debt what so ever, in car sales business (self employed)and monthly I make anywhere from $3k to $10k after everything, experian score is 640, im guessing with that fair score and no proof of income Im looking at a crappy interest rate and big down payment on at least -$300k, here in Az anything lower than that its because it needs re habing and to be honest i dont have no experience whatso ever in that field and dont want to end up in a money pit.

The other good news is you ca use the rents of the other units as income to qualify so you can essentially qualify for a higher home price.That sets up your next investment property as you move out its now a 2-4 unit with multiple doors bringing in more income. 

So in my mind did  matter if you did not cash flow if you were downtown appreciation more than made up for the little bit of negative.

Pps  USUALLY you can’t get another primwry home loan for a year anyway  so anything less than a year screws up your next purchase  Good luck. 

My advice is to house hack the property that you end up purchasing.

I could also refinance before 2 years is up but closings costs for apartment buildings are expensive right?   

Hi Omri, BRRRR is a great investing tool to build up a portfolio.

I grew up in Central IL and lived in Saint Louis in my 20s.