Hello Troy, Typically investment properties require 25-20% down payment.

They are typically what investors use for rental properties once they are no longer eligible for conventional financing.

It was new construction when we purchased it so not much needed to be done.

The factored base year value (FBYV) of real property is the market value as of 1975 or as established when the property last changed ownership or was modified due to construction.

And while it does require this work on your end, the typical length of stay is in the 30-90 day range so you're only doing it a few times per year.

This family member is also approaching the age for required minimum distributions (RMDs) from retirement accounts, adding another layer of financial planning to consider.The PlanMy lender has indicated a need for approximately 30% equity in the deal for construction financing, urging a strategy that keeps the balance sheet lean at acquisition.

One you get into the $350K to $550K price range you should be looking at 3-4 unit style properties or even 2-unit/Duplex style homes with a good size lot that can also offer an ADU option to increase rents without construction to the subject property.

Typically there is a one or two year ramp up period where you get all the deferred maintenance and/or undesirable tenants out.

In the last 12 months, there are 4 multifamily properties that are new construction in Charlotte.

In the next couple of months developers will be starting new construction on the lot next to my Airbnb.