Therefore, even if an applicant acknowledges her credit history and offers a larger deposit, landlords must adhere to the legal limits set by the state.

Residential multifamily properties cater perfectly to this demand, offering flexibility and scalability in rental income.Lower Barrier to Entry: Compared to larger multifamily properties, acquiring a 2-4 unit property in San Antonio often requires less upfront capital and financing is more accessible.

In San Diego, that'll limit my purchase options quite a bit.

My second question is if I take most of the deprecation on the property in the first 5 years, is it in my best interest to purchase another rental property within those 5 years?

I’d like to also reinforce that accounting for capex in purchase underwriting is also very important.

If I were to form LLC to purchase this property, should I be filing in NY or MA?

It sounds more like the applicant purchases the credit report and gives access through the credit agency to the landlords who have to accept it if it is less than 30 days old.

i researched that its doable and it depends on the VA credit or entitlement they have to determine what they would get approved for to purchase another home.

Purchase price: $170,000 We turned a gift from a family member into our first real estate investment.

I am new to the investing game and can definitely use some great advice before i purchase my 1st rental property.