The interest rates don't force people to move or stay, but jobs do (or affordability of your market for retirees will affect people moving or staying).  

I have a colleague of mine, who has rented out two rooms in his house to a mother and son (adult son). Recently she has decided to start acting out, after 8 years of living there and never having any problems. She's r...

You don't want long term debt in an ARM in the context of rates trending upwards, so if you did a HELOC you'd later refinance it into a 30YF anyways, meaning an extra set of closing costs for no reason.

So we were forced to lock basement and tenants could not use for washer or dryers or storage.If somehow she was trapped down there for a fire, and couldn't get out you'd have a issue.. so be aware of that also.

Like you said though, it still could be a good first deal once I take into account the forced appreciation from the renovating and updating.Also, if all goes according to plan, I will probably be looking for a good contractor in the near future for a home inspection and renovation.

You never have to twist my arm to grab drinks and talk real estate. lol  I would love to start a mastermind group; my vote is Fri night happy hr.  

Armed with the great deal you have in hand go to your family and friends who obviously love the passion you have to get the deal done.

This is determined by local market forces, so just ask your realtor to give you typical cap rates of a certain zip code.

Once saw every 3 houses on 1 large homemade tank,,,which was fine,,,but lateral short by tons.You have tight septic laws now in force so sounds like your system is non conforming already. 

Yeah 1031 would be the best way or force appreciation by adding value and 12-18 months later refi out get original investment back in my hands to invest more in units.