I told her about my company's strategy and what we're looking for and she tells me that she has a few people with "programs" that might be able to make that happen.  

I have not found a single family house but would look to spend around $350k with a 20% down payment.The multi family house I have found and am considering purchasing is a duplex that is outlined below:Asking Price: $500,000Loan DetailsDown payment: $100,000Loan Amount: $400,000Interest Rate: 4%Loan Duration: 30 yearsRent RollUnit #1: $2,500 (owner occupied)Unit #2: $2,000Annual ExpensesTaxes: $17,500Insurance: $2,500Other: $12,000Capital Expenses: $40,000The duplex is located near NYC, one block from the train station so it is both convenient for me and should be no problem to rent.My questions are listed below: At what purchase price does this duplex make sense for a buy and hold strategy?

Also, you can come up with an expense reduction program. 

If you'd like to contact me I can provide you with some resources to accelerate your planning and training; these are folks who have been there, done that and can insure that you are prepared to tackle the business well.KC

You would be surprised how many tenants get online bank Savy when it costs them and not us.And before someone says "my tenants" would never  do that you better ask yourself who's training who?

However, you shouldn't have to spend hundreds of dollars, or thousands of dollars on a software program to be able to use QuickBooks, when all you need to know is how to use QuickBooks. 

@Monica Sanchez Welcome.It's easy for us to help if you show us your options: One company has this program ___ and this ___ compensation, another has x and the third is y.

For those of you familiar with trello, I created a few lists; "Email Lead" when an email comes in, "Questionnaire sent" when I emailed them my pre-screener, "Physical Visit" when they passed my prescreen and I scheduled an in person visit, "Awaiting Application" I gave an application to everyone that came to a physical visit "Application Received" When I received their application "Background check" when they passed the application review and were sent a background check request "To Landlords" when they passed the background check and now needed to be reviewed by the decision makers "To Deny" for anyone that did not meet criteria If anyone wants to see what this trello board looks like, let me know For the background check, I used the SmartMove program recommended in the ultimate guide to tenant screening and it worked very well.

You need to interview the brokers to find out if you like their policies, commissions, training, etc and then see if they are interested in taking you on.

Hi @Ehab ShoukryYep, you're going to need to re-train the slow paying tenants or move them out.