expect the repairs to be 150k+ with the amount you working(unless you go back to the idea of doing it your self) make it your forever home. 

@Aaron GarbadeBuying a 3-4 unit with FHA, including FHA 203k, the property must pass the self sufficiency test meaning that 75% of the market rents for the 2-3 units you will not occupy as your primary residence must be sufficient to pay the monthly Mortgage payment.

So unemployed, self employed is no problem.  4.25% rates are what I have done just last week. 

This site is great if you are looking to invest into real estate, wholesaling, flipping, rentals, lending, self-directed IRA and Solo 401k investing, crypto, or tax and legal guidance.

Hi all,Looking to get some contacts for a reliable PM for a SFH in SW Atlanta (West End, Venetian Hills area). This will be my only property down there, as I'll be an out of state investor. Additionally, any one have ...

At 2.1 million, the rents would have to be very substantial just to get the thing to self support it's self?

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An assumption with both is that you want the relationship to continue indefinitely and you are already set in terms of wealth. 1) you are 100% self serving, while keeping the other partner incentivized to keep making you money. 2) the other partner is a personal/family relationship and you want to earn a return on your money and maybe keep some equity but, again you’ve made your wealth elsewhere and you just want to help them be successful.

I use quickbooks for my 2 rentals (used to be 9) and I self manage.  

Some sum of money if needed for additional self storage.