After analyzing over 1,300 active single family homes in Reno, Nevada we found that the majority of homes cash flow around a 4% cap rate, with outliers in the 5s and even some at 6%.A cap rate is a measure of a property's investment potential, calculated by dividing the property's net operating income (NOI) by its purchase price.

The exception would be if this was already permitted for STR - short term rentals VRBO then it might be worth it based on location.If you just want to buy a home and have a unit to help cover the mortgage I would still insist on lower price point or NO HOA to help get the total mortgage down so that the other unit covers 50% of the overall payment.  

We purchased the home on 1/25/2023 for $304,000, invested $40,000 in renovations, and sold it for $455,000 on 6/8/2023.

However, the dog has excessive barking whenever the tenant is not home.

We purchased the home on 2/10/2023 for $200,000, invested $30,000 in renovations, and sold it for $333,000 on 5/31/2023.

Hypothetically, if I took over someones existing mortgage subject to and owned the property cause I have the title now, would I be able to get a home equity line of credit or equity loan on that property if it had a good amount of equity?

Hi,I am a single family home investor, however we are looking to sell our primary home in Chicago and moving to Dallas this summer.We have bought the Chicago home in Nov'22.

We purchased the home on 3/10/2023 for $25,000, invested $20,000 in renovations, and sold it for $82,000 on 6/9/2023.

@Anthony Zotto- if you started the application with the CU and locked the rate in - your rate wont  automatically  decrease  if  rates  improve . 

A key component to cash flow will be loan terms..you could consider trying to incorporate a seller concession towards an interest rate buy down or costs to help improve cash on cash returns.