I've navigated multiple rental property fires, nearly a dozen over the decades. 

A small multifamily property is a smart choice for a first investment—it offers a great balance of income potential and manageable scale for someone new to the space.Don’t worry about being ambitious; it’s clear you’ve done your homework, and you’re already ahead of the game by setting a clear goal.

By then market rents moved up to $1,150 - $1,200 range.

Quote from @Avani Patel: Hello, it is really time consuming for me to analyze each property by manually entering its data to calculate the return. 

I’m also concerned about challenges like dealing with difficult tenants and navigating new taxes.

A friend of mine had a similar journey - they turned their old home into a rental property and soon realized they loved managing tenants and exploring ways to add value.

I've been working in this space for a while, so I can definitely share some insights, tips, and even some lessons learned from my own experiences.Whether you’re curious about neighborhoods, market trends, or just how to navigate buying, selling, or investing here, I’m happy to chat.

You can then rent at market rate but have to register it with the town annually and abide by their annual inflation rules.

In that case, I wouldn't say the PM necessarily made a "mistake" by keeping the power on.

The process will be slow, but with patience and smart planning, you can move forward step by step.🔹 Property Tax Relief – If your property is severely damaged, you may qualify for reassessment and potential tax refunds.