Breaking Even & Potential Cash Flow•Your goal of breaking even in Year 1 is very achievable, especially with a 5% down payment and PMI removal via renovations.

The institutional firms that do this type of lending (we deal with them every day) have to "securitize" the loans...meaning have their hedge fund/Wall Street backer bless the deal.

And will you be utilizing property management firms to help out? 

Second, get your phone record removed from sites like Whitepages, Been Verified, and the like.  

I firmly believe that thoughtful architecture isn't just about aesthetics; it's a strategic tool that can enhance property value, attract quality tenants, and optimize returns.

Both my aunt and my mother’s husband have agreed to remove their names from the title, transferring sole ownership to my mother.

Additionally, in the past six months, I’ve reviewed about 45 multifamily properties (ranging from 10 to 80 units) for my real estate private equity firm.

So, would you suggest doing this and putting him in 1st position, once the home is completed have him removed from 1st?

Over the years some exterior maintenance needed, soffit/facia repair/paint, rubber roof on porches, new boiler, new breaker, new washer/dryer/microwave, tree removed, porch rail replaced....

At this point, I’m ready to have them removed(evicted) because they’re disturbing the peace but I want to do things the right way.