Investment Info:Large multi-family (5+ units) buy & hold investment in Mobile.

But the logic would be the same: would adding an addition, that is designed as a second unit, actually add value OVER and ABOVE the cost of the addition?  

.• Rental Income: Determine potential rental income for each unit.• Expenses: Estimate operating expenses including property taxes, insurance, utilities, maintenance, vacancies, and property management fees.• Financing: Explore options like FHA loans, conventional loans, or portfolio loans.• Cash Flow Analysis: Use a tool or spreadsheet to calculate projected cash flow.Based on your estimate of $300 per month in cash flow, make sure to verify that this aligns with your financial goals and risk tolerance.

Do you plan to live in one of the units or prefer to keep it fully as an investment?

When the contract began in 2023 we were able to stay in 1/2 of that property and listed the other unit on Furnished Finder (unfortunately, no one actually rented the other unit).

I try to not let a property get vacant or if it happens then I pay to remove the unit then re-install. 

Hi, I have an upcoming unit that will be available.

This policy should outline your criteria for tenant screening, including credit checks, rental history, employment verification, and background checks.Renters Insurance: Renters insurance provides financial protection for tenants' personal belongings and liability coverage in the event of accidents or damage within the rental unit.

Each unit rents at roughly 800. 

I am hoping to start by making my current house a true house hack with a basement unit - need to do the construction still - and then to start looking for more houses to start renting out for long term buy and hold strategy.