At first STR’s were highly profitable in Gainesville until the number of available Airbnbs went up which in the non peak months drove down prices.

I am thinking of just getting a first-time home buys loan at the low 3.5% to 5% down and just living in it for 12 months then renting it out.

To address this, we verify the property owner per government records and use this information to vetimposters.Anything that seems suspicious will lead to us requesting an acceptable Letter of Explanation toaddress.Analyze IncomeMany landlords require a month of paystubs from applicants and just use these to calculate a monthly qualifyingincome.

We have been looking for the past 7 months.

Instead of twelve families per month you might have one for three months. 

I recently bought a 4plex and I was told one of the 4 tenants did not always pay on time, so no surprise in my first month there was, you guessed it, one of the tenants did not pay.

Made some big mistakes, found a multifamily group, started to listen to podcasts, found a great partner, and we bought our first deal after looking for 18 months.

Furnished for around $15,000 and pulls in an average of $1,000 profit a month with super high earnings coming in February-April.

This is actually my Grandfather's property that I am trying to get him a monthly cashflow since he is now in an assisted living situation.

Purchase price: $310,000 Cash invested: $350,000 This was a full rehab 6 unit multifamily building.Our firm did everything from locating and acquiring the project, to managing construction, and then finished up by leasing out all 6 units for a premium rent.We used a construction loan to secure the property and do the rehab. 12 month term which we were able to do construction and lease out all units before taking out the original loan with a permanent commercial loan.