@Michelle Mayfieldwherever you live - or markets you can spend time in - is the best place to do it

You won't be living for free but if you can find a property with solid rents or some value-add potential I think it's a worthwhile investment.

purchased a triplex with the intent of living in a unit for a year and then renting out all 3 units.

Yes, containers can be "cute and unique" for Airbnb, but as a functional living structure, a lot of work needs to be done.Mike

What they told me was, even though I think this place should get $1100-$1200 a month per unit, it was rented before at $900 per unit (well, the dad's son lived in one and he rented the other to his friend for $900) so I can only get a loan to cover 80% of that amount(or something like that).Does all that make sense? 

It's human psychology.We live in a day and age where new & better quickly replace old and expensive: like Uber replaced taxi.

Hello everyone, My question is if you bought a duplex with 3.5% down using an FHA loan and you can't find a tenant to live in the other room and at the same time you don't want to be paying the full mortgage, what do you do?

A great real estate metric to live by is the stabilized yield on cost which essentially takes into account the value added to your real estate once it is up and running/stabilized.

One property is a condo (in CA) that I rent out, and the other property is a house (in NV) that I live in and rent out the other rooms.I quit my W2 job last year to start a business, which is slightly profitable today, but I reinvest everything back into the business.I have a bunch of cash saved up and am comfortable deploying $100K into another property in Las Vegas ($80K down payment + $10K furnishing + $10K margin).The only problem is that I’m not sure how to finance my next house without W2 income.I talked to a few lenders about DSCR loans, and most say they calculate rental income based on the entire house, instead of by the room.I would love to get the creative knowledge of the BP community on how to fund my next home 🙏🏼I'm also open to any lender referrals 😊

I'm in the Tahoe Reno, NV market used to live in SLO CA and still have family down in LA and Temecula.