I get more cash upfront, cashflow after my cash-out refi, and I net more on the sale because no realtors involved.Young family that the husband started a business 1yr ago so couldn't qualify for a mortgage, but they wanted to buy a home. 

Granted MFH are more common in rougher parts of central jersey and my purchasing power can't acquire me something in North Jersey here homes are much more desirable when it comes to appreciation and schools and safety.

Hello, My wife and I are in the process of turning our primary home into a rental.

Currently I am getting an amazing rate with Encompass Insurance as they bundle our rentals as well as personal home, auto, etc.

Granted MFH are more common in rougher parts of central jersey and my purchasing power can't acquire me something in North Jersey here homes are much more desirable when it comes to appreciation and schools and safety.

We've had our other one for over 7 years and luckily no tenant issues etc. minor handyman things my wife and I typically take care of it. 

In 2021, the most common reason people were investing was because there stock portfolio felt "too high" and wanted diversification, they were refi'ing their homes at 2.5% and redeploying that equity, or they had another syndication sell and they needed to redeploy the proceeds. 5.

Purchase price: $900,000 Cash invested: $600,000 Purchased an existing short term rental fully furnished using equity from existing home here in Los Angeles.

The minimum DSCR on a 5+ unit is 1.15-1.20 typically for these kinds of lenders. 

You are only budgeting 3% for repairs and that might be ok immediately after a rehab, but a few years later that may be back up around the typical 5% that most people cite as a reasonable amount to budget. 6.