Hi Kevin, I actually have a triplex that I bought with the Home Possible program two years ago.

FWIW I've bought all those guys stuff, they all are slightly different and all are very good IMHO.See my business model:  go to my profile, first parapraph, read the file:  Bullet Proof Rental portfolio.Best of luck. 

I bought two buildings in a good area next to each other.

The tenant was already there in place when we bought.

My daughter just bought a house in St Louis, and it was inspected, and a year later, the basement smells like rotting mold.

@Rob BeaumontHey congrats on starting you’re path, I’m also a newbi just one 4 family under my belt but working on the second one , If I can give you my humble input, study everything , read books, ask question on BP, anything that gets you’re knowledge up , and take action, since I bought my almost moths ago ican allready see a change in my life , speaking in the overall aspect, Keep it up!

I bought, rehabbed, managed, and sold with little outside help.

For example, I bought a duplex this year that had brand new furnaces, hot water heaters, and AC units, and a roof that is 4 years old.

.#1 with that price range an individual can do a brand new build to his specifications.

Please PM me with that bank and the loan officer's favorite brand of Scotch.With a 4.25% rate your P&I is going to be $807/ month, bringing your monthly expenses to $1638 and your cashflow to $62/month.Based on these numbers this is not a good deal.