Hey @Jordan Moorhead, we want to start looking for a 2-4 unit to BRRRR late this fall.

I'll also guess 90% of the heat and air is a window unit or something not really tied into the main house.One thing I would also say is as best you can divorce the idea of an owner/occupied dream house from an investment property.   

I'll play devil's advocate, at that price you might as well invest in multifamily units. 3-4 unit properties are selling in the low $200K and with an average rent of $700/unit, you get better cash flow and spread out risk (1/3 units vacant versus the house 100% vacant.)You do your inspections and make necessary improvements upfront to offset the risks with buying a "used" property instead of brand new construction.Alternatively, how much of a price difference between new construction and a remodeled home?

Investment Info:Small multi-family (2-4 units) buy & hold investment.

What the fools didn't realize that the greedy managers of those Senior Living Residences would prevent millions of seniors who are financially unable and unprepared to afford the small condo-sized unit residences + vehemently UNWILLING to move into such residences instead preferring to remain in their beloved homes where they lovingly raised & cared for their spouse & children and where they know every single INCH of their current home!

I started off with Arbitrage in 2019 then bought a building and turned one of my units into an STR.

I'm looking at a 3-unit apartment building.

I usually go up to 15 units.  

I was looking for a refinance on a 14 unit apartment complex in GA for $1.3M.

As a PM, we manage units in Condo ***. but we do not actively seek out this type of business.