lol  I like to have a healthy equity so if something goes bad, I've got some backup. 

You're better off asking your bank.I'd think that because they are individual parceled, they wouldn't be treated as a regular 16 unit MF for tax or any other purposes. 

But now that I've found the BP calculators, I'm in love...and so is my financial planner, if for no other reason, it takes some of the weight of telling me "No" off of him because I can see for myself that it's a bad deal. 

Ideally would like to get it rented before the Holidays kick in.The new applicant we have has good rental history (no evictions, good landlord reference) but pretty bad credit (more than 5 accounts with charge-offs and collections that have just been reported in last 2 months).

Good owners, you won't have any damage, but bad owners.. well if you ignore a dogs emotional or physical needs, your property will suffer, so just make sure you're aware of it.   

Both condos will be cash.For the rental condo, I was thinking about 3 markets where the rents are not bad and there is room for capital appreciation.I have finalized my list to 3 places1.

I'm not treating REI as a hobby or a side hustle this is now a full-time job moving forwards for me.If you were just starting like me, keeping my goals in mind, would you take the initial capital and use it as down payments spread out among multiple residential SFH's and/or 2-4 unit MFR's or would you use it all as a down payment on one larger commercial multi-family property?

Hi Jen, I am currently working on my first flip and I am having a bad experience with the plumber I hired.

@Bryan Dorsey If you are willing to take on a value add project that is in bad shape (not financiable) you can get 2% in non major cities in CT.

I've had a bad experience with a Utah based company in the past in I've heard Utah companies have a bad rep - no offense to anyone here on BP.