On the other hand, if you have a lower budget, let’s say $100-$150k.

In my area of the state, just drilling a well alone can cost $35-$50k+.Some areas have lots that have adjacent to public water and sewer that you can tap into however usually you'll incur the water tap/sewer tap expense which varies in price but I've never seen less then $10k on the water tap and $5k on the sewer tap and those are lower then usual.

I’d focus on trying to land this deal and getting it set up to lower your current housing payment as opposed to being able to just generate a deal that totally pays for you entirely from a duplex.

Thanks It’s not a $1 property, it’s really property in most cases at minimum an 150k property after repair expenses that might only be worth 100k in effect it’s not a one dollar property, it’s a negative 50k property.

IF I'm going to make extra principal payments to pay off a "low(er)" interest rate mortgage early (compared to today's rates), my gut reaction would be to pay off the highest interest rate mortgage first.

Ease of tracking expenses for me and accountants is the other major factor for me on the software.I'm hoping some experienced voices could provide a sanity check, but if we can thread the needle financially this would be a win-win-win at a time when money is only getting more expensive.

Hi there,I'm hoping to hotel hack for BPcon but may not find a co-conspirator to get the lower price.

If you can stomach that 7.5% mortgage for 12-18 months, you will be able to refinance to a lower rate, having bought an asset for less than its market value.

Vice versa, if you are just starting out, you might want to be more conservative to tackle any unexpected expenses that arise.The 70% rule is an industry standard, but that doesn't mean you can't adjust it based on your desired ROI.

You should be able to charge for any of these items if you have receipts for the expenses.