I agree definitely depends on where your looking... here in Hawaii it seems almost 1 to 1 for SFH’s... by searching for more Bathrooms though it would help to widen your market and target renters!

We definitely want a CPA and Lawyer to pretty much help, if not walk us through, our first deal to make sure that we do everything 100% by the books.

having a difficult time using both the brrrr and fix and flip calculator because i intend to live in the property for 1 year so not a rehab. these calculators seem to assume i won't live in the property. based on the factors below, i'm hoping someone can poke holes.arv=270krepair=my father who is a general contractor is overestimating at 35k (it's definitely livable, but there's opportunity to upgrade/update such as the roof, floors, cabinets). i'd live there for a year and plan to either flip or rent after the year.annual expected property tax=$7.5klisted price is around $235k ($/sq ft is below comp average)comps within the past year for similar properties around $260-$280kpreferred profit (not too sure about this) but $20k is a target...i guess.estimated rental based on recent is $1.8-1.85k/monthi was thinking about offering $210k max, but the calculators recommended an estimated purchase offer between $160-$175k, which seems extremely low given the livable condition.what am i calculating wrong here? 

Definitely some higher level thinking there, but equating cash flow and opportunity value of equity would have to be at the discretion of the investor.

However, in the urban core, there are pockets of “ok” blocks or streets, I could definitely tell a difference as I drove through.  

Hey Dusty, I will definitely keep you posted on the next meet up!

I will definitely checkout your site.

I like your idea of renovating one at a time and will definitely give it a try.

Originally posted by @Joe Marshall:No advice on who to choose, but for the applicant who had a few late payments, maybe get 12 checks in advance all post dated for due date or have auto payment from their bank to yours every due date Thanks I would definitely put in some control to ensure payment as much as possible.

Hi @Brendan Markle ,Thanks for the response, I would definitely be interested in learning about some of the better areas for small multi-family apartment rentals in the Doylestown area, in addition to learning about your background some more.Thanks,