Happy Sunday all, Currently house hacking a 4 Plex property in Chicago, utilized the Fanni mai 5% down.

Which direction is the small multifamily market heading in?

@Gordon French currently only interested in Las Cruces. 

An occupied store front in a small town will factor into your current NOI, but if they go vacant in less than a year, you could be looking at a couple years of vacancy in a small town.And lastly, with limited appreciation potential, a 6 cap sounds low.  

I'm slightly below market rent. 

The house has been on the market but traffic is slow - not sure if this is due to the current environment or something specific I should address within my listing (we've already adjusted the price). 

A strategy that fits your current financial situation and your financial mindset and goals. 

It took about two weeks to find the current tenant back in October.

Purchase price: $750,000 Currently operating as a 9 unit mobile home park with single family home

It's all run under the table currently and haven't had any problems, but want to formalize this as a business to avoid any hardship down the road.I don't know how I should be protecting myself here.