Investment Info:

Single-family residence buy & hold investment in Malone.

Purchase price: $36,000

Cash invested: $12,396

3 bdr single family.

Price: $36,000
Repairs: $6,856
Terms: Cash
Rent: $77...

Investment Info:

Single-family residence buy & hold investment in Detroit.

Purchase price: $49,900

Cash invested: $49,900

This was my first property. I bought it through a turnkey outfit (notorio...

Investment Info:

Single-family residence buy & hold investment in Detroit.

Purchase price: $49,900

Cash invested: $49,900

This was my first property. I bought it through a turnkey outfit (notorio...

After the tenant moved out, we noticed beds and various other paraphernalia in there. 

I will be building a mother-in-law type of suite on the one side of the home, breaking it into a duplex that is a 3-bed, 2 bath 1250 sf home on one side, and on the other will be a 1000 sf 1 bed, 1 bath studio with the 5th bedroom converting into a home office or spare bedroom for the studio tenants. 

Essentially leaving the second floor with just 2 beds, 1 bath. 

Sunny side is being built using retail priced land thus price is higher  .

1st time landlord here and looking for some insight.I currently have a 3 bed/2 bath home up for rent in southern california.

paint touchup around home, cosmetic stuff with brick flower bed, taking down a roap swing, removal of a deck in back that is basically a warehouse pallet, possibly some lawn care, etc.

My suggestion is to pull cash for a solid downpayment and closing costs and get a purchase loan with 15-20 y term and also a quick question when you say commercial property are you referring to retail etc or 5+ units residential?