I have lived in Santa Fe for 5 years and am plugged into the commercial RE market as a full-time investor. 

Currently our favorite idea is a SFH we can convert to an up down duplex by sealing off a staircase with an ADU on the property for us to live in.

Where do you live?

Hey Bryant, that’s so funny I have lived in College Station for the past two years but just recently moved back home after graduation.

Start with a rental that has modest rehab requirements such as updating kitchens and bathrooms and make sure you qualify for permanent financing through a lending source that offers interest rates similar to that of  a bank.

I wasn’t prepared to lose so much of my savings as carrying cost basically I paid for the tenants to live there for 3 months + my own living expenses in that time.

Hi Mathew,We live in Greensboro, which area of Greensboro is the house located in?

I live in Raleigh and can tell you that the 40% was not all apple. 

Oh I agree with you if that rent will be a business income to live on vs just an unrealized gain.

I live in Nashville, TN.