The downside is that the rates are generally going to be higher than a standard conventional mortgage (aside from an introductory teaser rate) and the rate is probably variable and will increase as rates continue to move up.2.

Since this is your first investment property, you're probably going to need to put a lot more than just 10% down.Vacancy: 8%Repairs and Maintenance: 10%CapEx: 10%Property Management: 10%Sales Expenses: 5.8%I also increased the taxes slightly to be more accurate for this areaAs you can see below, the numbers don't work out well at all.

Value-add from increasing NOI through various methods of increasing income (below market rents, rehab and increase rents, RUBS, etc) or decreasing expenses.

In California the property tax is based upon the purchase price, so lowering the PP will permanently decrease you annual expenses (thus will increase your cash flow permanently).

I would argue Westchester already has a ton of popularity as a place to buy because of all the Google and Snapchat action in Playa del Rey and Playa Vista, so you aren't beating any crowds there or going to land shockingly cheap deals.But, just depends on what you are looking for.

The last time the house sold was back in 2010 for ~144k. 3 family house in question has its issues(older home, older heating systems probably)  but I would like to own it as it would: 1. eliminate my driveway/snowplowing issues 2. add to rental portfolio 3 increase monthly income 4.

I am still able to spend energy marketing and lead generating, hopefully I can increase my passive marketing budget.

I am motivated to learn, hustle, increase my income, and abundantly provide for my family.Goals:-Educate myself.

I would also not run performa's on increasing rent every year that will all but gurantee vacancies.

I am currently looking at whether I should increase the rent or not.