The best part was that the numbers for cash flow were great, so the appreciation was an awesome bonus.There is a shortage of affordable housing in Phoenix and while there are tons of huge newer complexes, the rents at those places are generally higher. did you buy in PHX or are you talking about  Omaha.. the same thing happened in Vegas friend of mine was buying 4 plexs there in 2011 2012 for 140 to 160k he had to put in usually about 7 to 10k a door because they were kind of trashed.. and now they are approaching the 300k range and climbing.. its all about JOBs and blue collar jobs you have those you have your 600 to 1000 dollar renter without them ( that labor force) things start to go downhill.and this is one thing I have been mentioning those that jumped into the game 5 years ago the rising tide raised all boats.. it was a slice in time.. so now we since this continual whining on BP hey there are no deals.. 

The age and condition would be the biggest factors when considering how much money you need in immediate reserves. 

Though with an audience like yours you could probably raise > $10mm just by mentioning a 506(c) deal in one episode.Hope to see a few more posts on this.  

I'm sure they are, and like the police they are necessary to keep a clean and usable environment like you mentioned.

I went down the route you mentioned on purchasing a house to live and flip while also house hacking it.

Dave Ramsey offers good solid advise for the average middle class slob who can’t control himself but his approach is so conservative in this day and age that you won’t make much for fear of risk and you will save till your dead using his methods . 

Hi Nikelle, first thing is that next time try avoiding mentioning your brokerages' name on your post.

How active or passive would you consider the areas you mentioned right outside of the city compared to areas in Bergen county?

@Grant Rothenburger Thanks for the mention!

The lender mentioned the tenants having the right to remain in the property, and me possibly not getting financing as an owner occupant.