Purchase price: $118,000 Cash invested: $30,000 This is a single family property this is rented by the room.

The reason is the rent-to-price ratio is good so you can cash flow, and most of the West side doesn’t have a Point of sale inspection which is really annoying 

(renting in Auburn, AL was way more expensive than paying for a mortgage in 2020) We are that online joke of our first home is looking like our forever home due to the interest rate and the price point of the home.

I was hoping to get some clarity on the rent collection functionality of the stessa/rentredi platform, versus hiring a property management company.

.- Additionally, we will use the loan to remodel our current home and rent out. 

Section 8 rent payment standards has the city willing to pay up to $3,120 per 3 br unit so I used gross rent of $6,240 given rent for the furnished 2/1 unit would be too variable with partners living there as they please.Phila.gov info:https://property.phila.gov/?

Home Improvements of 50K and is Rented.

Keep in mind, if doing an LLC, everything must be done through that LLC - mortgage, bank accounts, rent collection, insurance policies, etc for there to be a wall between you and whomever would target a lawsuit against you or that property/LLC.~ Lindsey

Originally I was hoping buy a 2-4 multifamily property and rent out the other units.

Michael,The three options I see to increase your coverage are as follows:1.