These are peoples' homes that some of them lived in for years/decades, it can be challenging to move in a timely fashion. 

Hi everyone, I am a very new investor, and purchased my first multi-unit with the intention of updating the inside while I lived there... and later doing a cash out refinance.

If so , you buy it , clean the living hell out of it .

I live in CA.

2) We have reasoned in past discussions that there is not necessarily a true 'shortage' of housing....it is often more of a situation where people cannot live exactly where they want to. 3) Of course everyone wants to live close to work, close to downtown, etc....but not everyone gets to have that luxury. 

we're about to get started with our first, so trying to learn what we might not know in order to streamline things as much as possible (especially since we don't live in the city where our MTR is)thanks!

-Current market rent is $1,250 per unitHere is what numbers look like when I live there: We currently pay $1,450/month in rent right now so that's something to consider. 

Hi all, I am new to Real state investing and Live in the NY/NJ Area. things are super expensive.

Live there a year and then refinance and do it again. 

OrSecond: buy a single-family fixer upper (400-500k) home, live in it for 2 years and either sell it to avoid capital gains tax or rent it out.