I know this may sound a bit superficial, but that is the truth about how to move forward.

I am only 23 so I don't mind waiting the extra year to get my first income-producing property, but rather house hack if the deal presents itself.

However, I couldn't have pulled that off and made a profit if I had paid too much when I bought it.Leave yourself extra "cushion", knowing that you won't be able to sell or rent at market prices, you will have to likely lower your price to do something with it.

Account ClosedNice job.Sure, you may have had cash in it for 220 days - but an extra $20k pre-tax, $15k (37% annualized) after tax is a good thing.

What kind of extra expenses does everyone take into account for the additional units, are there any economies of scale, how do your factors change?

I figure the extra upfront cost is worth a nicer property in a nicer area so I can have nicer tenants, which will hopefully translate into less hassle.

That is an extra layer of crazy in numbers that are too tight anyway.  

You may not believe this but the truth is that several property owners do not want their properties any more.

I know buying & holding will take awhile to really see wealth but the goal is to secure a duplex or triplex, rent out the extras and live in one unit until I can start fixing & flipping.

Some wholesalers do it, other's don't bother because it's an extra step.