Account Closed- thanks ...you should get pre approved for a hypotehtical purchase scenario for an investment property so that you can  1) educate yourself 2) get organized  3) determine if you are able to qualify 

Do you need to sell to use the funds for the move and new purchase? 

We wanted to purchase a small multi family to house hack and we did it!

Estimated lender, underwriting fees are around $4,800-$5,500 if on the lower end of the purchase price ($100K and below for example).

I want my next purchase to be a 4-unit multi family property.

There must be other ratios that come into play to limit investment purchase size to income? 

I purchased a 4 unit property 18 months ago in the detroit area.

The most popular way to speed up your real estate growth is to buy fixer-uppers, rehab them with mostly sweat equity, rent them out for significantly more than 1% of your total purchase price per month, and then refinance the property to extract as much money as possible for your next down payment.It’s doable, but you need to find the worst property on the nicest block, as this will play a significant role in your refinance discussions later.Let me know if you would like to chat more and learn about the Toledo market, which is well-suited for what you are looking to do.Best regards,Phillip DakhnovetsGuardian Property Management419-740-0370

With current rates around 7%, shouldn't there be an opportunity to purchase properties that were bought with adjustable-Rate Mortgages (ARMs) at 3% in past 5-10 years that are hitting their reset period this year 2024 or in 2025?

While some have had success doing it, there are reasons subject to has never become a mainstream way to purchase properties.