Feel free to reach out with any questions or if you’d like to schedule a time to chat more about your plans.

Feel free to reach out.

While the project was profitable, managing unexpected costs required careful oversight.

Affordability: Compared to coastal markets, Midwest properties offer significantly lower entry costs, allowing investors to acquire more units or higher-quality assets for their capital.2.

Your equity is not a savings account from which you can withdraw for free.

If you are planning on buying it with a smaller down payment, that will also increase your mortgage costs as you are borrowing more and also need mortgage insurance.The price of the home (from the seller's perspective) is based on market value and condition, not on whether or not it matches the 1% rule.   

By funding the $185,000 purchase price and the $500 renovation costs directly, we ensured a fast and smooth transaction.

While you may not make significant passive income renting the other side or the other three units, you can probably cut your living expenses in half or even live for nearly free in a 4-plex.If I had to do it all over again, I would have taken this approach at your age and purchased a 4-plex every year or so with minimal down payment.

No matter how well the home is designed and priced, vacationers will click away as soon as they feel like a host is inflating costs. 

Hope that helps in some way but feel free to reach out if you want to talk anything through.