This property is one that I have been considering buying.

Hello fellow RE investors, My RE agent sent me a property to look at in Olympia, Wa.

I sent a friendly message to her saying that I am the new owner and reach out if she needs anything.

We now live overseas and are renting it as our first property.

I want to occupy one of the units so I can get an owner-occupied loan and only have to put down 3.5%.   

I have a duplex that I owner occupy here that works great, however finding a new deal that makes sense is difficult in Madison.I grew up in the Janesville area but really am not familiar with it anymore in regards to the neighborhoods.

Unless you're buying under market value or with all/mostly cash, it can be tough to be cash flow positive on a rental property here, and extremely unlikely to find any that meet the 1% rule as a LTR.

Most of the properties get bid up. 

I don’t have the actual calculations in front of me, so bear with me.First - let’s talk about year one - if you buy a property, and then resell it quickly, you will lose money most of the time.

I'm about to buy and remodel a property 1 mile from a Mayo Clinic.