Especially since I can not afford to do what the seller is asking.

Especially since I can not afford to do what the seller is asking.

With the recent election, one council member is somewhat opposed to STR (or more strict regulation) whereas a few of the others (as well as the new Mayor) seem to support STR and trying to find a path forward to support STRs and affordable housing.

I have interviewed a couple of services, but I am not having any luck finding a reliable and affordable company.  

So, look for a 4-plex you can afford, or wait until you have the cash because even if you wait you will be far ahead.Before you invest in a single-family or multi-unit send a PM and I will do the math for you.

What kind of property can you afford to buy? 

You'll have to pay for the new LLC and the closing, but quit claim transactions are pretty affordable.

With that in mind, there is also less of a risk that you'll no longer be able to afford the investment property. 

If you are getting a mortgage, get a pre-approval in place now so you know what you can afford when you approach an investor-friendly realtor.

I want to know how much I could afford for the second house, because that will determine how much I actually spend on the personal residence property.