We will always have a need for large, luxury homes, as well as smaller condominium units.

I have a 3 unit investment property in PA I am looking to sell and 1031 into a 6 unit property.

I was reading the book "Real Estate by the numbers", the part on EV, and I was wondering on how to calculate the EV when I do not know the probabilities/percentages of each outcome happening, can you give me an example on EV with a rental unit please?

@Susan Tan I think if you can clarify a few things, many on here will have detailed feedback.1- is this spec 3plex you want to JV on the same unit you said was 11 weeks overdue and poorly done?

if you do that 2-3 times you could own 4-9 units in 6-8 years.you need a place to live anyway.

How do application fees work for rental units?

I didn’t even have an LLC until I got to 22-units and only then because I was getting into commercial buys.I had the umbrella until then and actually for a few years after.  

What would you advice, should I go ahead and start out of state investing with section 8 why I continue to pay rent or patiently wait till I find a property in Houston to house hack (This will take some time away from my goal of investing in a certain number of units this year).Please share your opinion.Thanks

Will these units equal or come close to my mortgage payment.

A lot of PMS have automations for this but if you are only doing it for one unit, Docusign or any other similar service should work fine.