I would love some advice on trying to navigate this if anyone has purchased a property like this before and wanted to know what are the major things I need to be concerned about.

So the most important thing when purchasing any property is location.

I am looking to pull out about $100k right now in order to purchase some investment properties. 

AND, why it's called INVESTING and NOT Pay-Check-Purchasing.

@Steven Catudal congrats on making your first purchase!

Purchase price: $153,000 Cash invested: $40,000 Recently updated duplex with tenants in place.

Rates ticked down the most in a week for 2024, last week so sounds a hair high..we just priced a DSCR purchase for 5+ units just below that..Check in with @Joseph Chiofalo for a quick quote.

BP Family - I am currently under contract to purchase a long term rental home and will be closing on July 12th.

@Mike Liu there's always a tradeoff between risk & reward.If you want higher cashflow, you'll need to get into riskier investments.STRs are riskier than LTR due to: saturation, changing local government regulations, more intense time required, etc..Regarding LTR higher cashflow:If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

This could expand my purchasing power immensely.