@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.

I bought a number of properties like this early on.   

In whose name it is and when they bought.

I bought a new home last year because my family needed more space and am renting out my first home. 

We bought our house in October, closed in January, by the time architect was done permits issued, financing went through for the rehab in was July. 

We bought our first rental this year.