My name is Joshua Ibarra born and raised in the Rio Grande Valley, and I currently have one single family rental.

Also technically the rent by the room strategy here wouldn't work either because only 3 (or 4 in the next town over) unrelated adults are allowed to live in a single family dwelling.

MSI(formerly Arcana) I use them for single family and 2-4s.

for example... where you have family and visit frequently, or where you like to vacation, or where you went to college. 

It is doing much better and has a DSCR ratio of 1.2 now, but if I were to buy it at today's interest rates it would be a seriously negative carry.I'm looking to buy a single-family Subject To with a partner at 500k with a 2.75% underlying loan on almost $400k and it will be just slightly negative at about $-200 a month, but debt paydown is almost $1k a month and I'm sure in a few years the appreciation and rent growth will make it be more than break even. 

Investment Info:Large multi-family (5+ units) commercial investment investment.

Funny enough my family is actually from Ohio.

It feels like a constant cart before the horse but I have become better at scaling over time, today own and operate 194 units mainly in the manufactured home space but we have more than a dozen single-family homes, a motel, and an apartment complex.I have myself in a CEO position but I also fill the position of sales and acquisitions.

They couldn't afford a single-family home in the same neighborhood, but with the income generated from the other unit of my duplex, they were more than happy to pay top dollar.

Investment Info:Single-family residence buy & hold investment.