If you have direct deposit with the credit union and set up auto pay for the 2nd the rate is .50% less so the payment would be $2,207.20.

The price/rent ratios are unbeatable is solid blue collar locations.My personal rental portfolio is here and cash flows extremely well and is low maintenance.Purchase: $80k-$130kRent: $1200-$1500ROI: 10-14%Cash flow: $250-$350/doorAppreciation: Double digit (for past 10 years, will gladly send data)Location: C, B- (suburbs and certain markets)We have over a dozen Fortune 500 companies just in Metro Detroit with huge Healthcare, Auto, mortgage, Amazon fulfillment, and more jobs.The bad reputation comes from OOS investors wanting $20k D market properties.

After that we were in the green and getting greener.....This should be  auto reply to every STR question about low occupancy on EVERY forum/social media.

Here is my step-by-step advice for you.1) Get your income as high as possible with your W2 and pay off any 'bad' debt (unnecessary credit card, auto, personal loans).

I have the chance to buy a mechanic shop now for way under market value, now i'm trying to figure out how to run a mechanic shop haha 

We plan to live in the 2 x 1.5Based on what I've learned so far I'm looking for a policy that has:- Landlord Dwelling for the entire building (i.e. both units) for actual cost value, not cash replacement (although I'd like to see the cost difference for both to understand it)- Liability insurance, up to $1M per occurrence- No or little co-insurance - Other considerations but not certain: loss of rents, sewer backup (one unit has a legal subterranean living space, seems like a good idea to have this), terrorism and political violence (due to where this property is [a popular tourist area of Philadelphia], we'd consider this)So far I've been given two quotes, one from an insurance agent that our partners with our realtor for both home and auto but this doesn't even feel relevant so I'm not going to provide any details and one via Travelers from Steadily, this one is attached for reference. 

The average auto loan balance exceeded $20,000 for the first time ever." - Experian.com$1.43 trillion.... that's insane.

Then another month later after appraisal a new agent called me saying they can only do 75 LTV and I come discover the rate is actually 2.15 over prime when finnaly received full paperwork there is a .25 reduction for auto payments so 1.9 over prime still awful for 75 ltv. 

The mechanic ended up replacing something in the unit so that it would work again ($400 fix that the sellers paid for), though the mechanic told me that the system will nickel and dime me until I finally replace it and it will only last about 2-3 more years. 

But, depending on the property you’re buying, you may not need to review every single one of these (this is where a real estate agent or broker can be helpful as well):Population and job growthHousehold median income trendsAccess to public transportation and amenitiesNeighborhood and school rankingsUnemployment rateCrime rateBusiness openings and closingsNew development activity that could help or harm your intended investmentProperty value trendsFair market rent trendsPercentage of renter-occupied householdsMarket vacancy trendsGross rent collectedMaintenance and repair expensesUtility expensesProperty management, leasing, and advertising feesInsurance expense including past insurance claims, need for flood insurance, and the cost of homeowners and landlord insuranceProperty taxes and potential increase due to change in ownershipProof that any sales tax collected on rent has been remitted and is up to datePhysical property inspections including structural and mechanical, wood-destroying organisms, radon, and lead-based paintTitle commitment on the property and legal descriptionMost recent ALTA (American Land Title Association) surveyZoning or use certificate for property in rural or unincorporated areasNew survey, septic report, and well water report for rural propertiesPhase I environmental report for property near industrial areasHOA covenants, conditions, and restrictionsHOA financial reports including P&L and balance sheetReview of seller financial statements including a copy of the seller’s tax return to verify income and expenses are true as reported to the IRS going back two or three yearsReview of tenant file including the lease terms and conditions, deposit amount, tenant application, and background and credit checksCopies of existing service contracts such as landscaper or current property managerList of all outstanding invoice and proof of payment for all work recently doneLien search to verify there are no existing worker’s liensHistory of insurance claims on the property going back three yearsVerification that property appraisal is for at least the contract purchase price if not moreCompare your pre-offer pro forma analysis to the seller’s reports to make sure the deal still makes sense.Good Luck!