View report*This link comes directly from our calculators, based on information input by the member who posted.

Add in inflation on everything but especially home owners insurance and the expenses are significantly higher than just a couple years ago.  1% rent to purchase ratios have negative cash flow and the average ratio is below 0.5%.  

Feel free to reach out to me directly if you have any other questions.

The market is currently experiencing a period of adjustment, with a slight increase in apartment vacancy rates to 7.3% in Q4 2023.

Fast forward to yesterday(appraisals are done, waiting on underwriting) after a text from the realtor about signing a document that says I'm okay with him representing me and the seller, I called him and brought up the fact that I'd looked over the purchase agreement and the rental agreement and nothing was stated about the rent increase, but it was clearly stated that ALL rental income even prepaid rents (the warehouse was paid in full up front) would be prorated to the buyer (roughly 2200/month)I'm at a crossroads on what to do, part of me wants to just ask for earnest money and appraisal fees back and walk away, but the cashflow of $2300 (current rents not counting warehouse) on a $105,000 property just seems to appealing to walk away from, what do the more experienced investors than myself think

Found on the MLS and negotiated directly with the seller's agent.How did you finance this deal?

I haven't set specific targets beyond this initial goal, but I may aim to increase my passive income to $5,000 or $10,000 per month in the future.Current PropertiesI currently have two properties:The Loft:This property is rented out long-term and generates around $300 per month in passive income after HOA and management fees.The loft has approximately $100,000 in equity.The House:This is a brand-new build (2024) that I'm currently occupying through house hacking.I invested $70,000 in the property, which means I have $70,000 in equity.My plan is to convert this property into an Airbnb or long-term rental within the next two years.Short-term rental comps suggest I can earn around $3,500-$4,000 per month, while long-term rental comps indicate I can earn around $3,000-$3,300 per month.Seeking AdviceGiven my upcoming financial situation, I'm seeking advice on the best course of action.

I will move to the area in December and I am currently researching and reading a lot.

@Ethen SanchezHi, I currently live in California and on multiple for Plexes in St.

I am currently going through a similar situation and wondering what to do.