Whether it is a senior or a single mother with a infant when they can not pay rent you put them on the street or go out of business.

I have been looking to purchase single and multi family homes for passive income in upstate NY.

do we need an LLC since we will more likely be starting together on a single building?

All the debt goes and you have enough for a large down payment on the cheapest 2-bedroom single-family home in a passable rental area with a decent school district that you can find.Small mortgage payment, no debt, low taxes for the next eight years, until she finishes high school.

Should I take 30,000 cash and buy a single family two bedroom in Enfield Ct or should I take the 30,000 and put it towards three family in New Britain the house is not on MLS and they want 146,000.00 decent shape.

I want: Duplex/ Triplex preferred and single family homes that's around the 130-150K range (I can have a little wiggle room with the numbers).

Fannie Mae/Freddie Mac guidelines allow for 20% down on single family investment property purchases.  25% down if its a 2-4 unit investment property. 

I have no mortgage on the 3 unit building (roughly valued at $70,000, and a single family home (roughly valued at $60,000). 

Currently the price quote for a Single family vacation home in GA state  = $880/year excluding flood and earthquake. 

We have 3 single family rental homes right now, and we recently got the opportunity to buy a storage facility completely seller financed.