I know starting off can be scary I studied the Ohio market for two years and connected with local investors and out of state investors in Ohio before I finally pulled the trigger.

Lately we are considering hiring my two kids, who are under 18 years old, for some office work, such as setting up a rental website, mowing lawn, bookkeeping, etc.

There doesn't seem to be another option. 3) Do my spouse and I have to file two separate NPT returns for the rental income as we are joint federal filers?

If we buy house now for house-hacking, and move in the next year or two, we still need to manage it out-of-state, right?

(Many people that bought commercial assets with no cashflow two to three years ago are now facing foreclosure.) 

I would assume you have an exclusive use clause for whatever type of business you are, but when the units go to condos with no singular landlord to manage those, what happens when two doors down sells and the buyer is the same use as you?  

We're generally looking to network more and surround ourselves with more people that are on a similar path.We currently have 2 properties between the two of us - a three family and a four family.

I have been trying to talk to the sellers about the benefits of it for both of us but between work and ignored text messages it's kind of a struggle.To answer your questions:• I have done two light renovations on the apartments in the 3-unit that I own.• I'm expecting that renovation would take less than 12 months (and that's with me working a full-time job on top of it).• I estimated that the repair costs would be close to $10k. • My final plan is to rent the units as long and medium term rentals after refinancing and buying out the seller.• I do not currently have enough liquid capital on hand to put down 20% for a DSCR type loan.

Can you tell me what the GRM looks like for these two submarkets?

Hi Cedric, When I bought my first two rental properties I was living in San Diego, CA.