Investment Info:Small multi-family (2-4 units) buy & hold investment.Purchase price: $247,900Cash invested: $19,000Closed on my 3rd house hack in January 2024 and wow this one has been quite the property.  

Are you all still including this coverage (Wind/Hail/Storm) and paying the premium for it or are you buying policies without Wind coverage?

What are the top markets right now for buying rentals right now?  

We are looking to do buy and hold LTR with either SFH or Small MFH. 

If you buy right, reno right and rent right you should be ok.

Given the rate environment I'm not sure that a HELOC makes much sense or if you'll get something significant enough to buy something closer to Boston.

Where did you buy them?

In regards to the damages, I have them sign a separate document that is called a lease addendum wherein I have all the policies spelled out and made them responsible for actual charges of any damages and called out water damage to be reported within 24 hours or they will incur a heavy cost of fixing.

If you do and get caught, that's fraud and they WILL call the loan.

Use it to buy-down your loan, offset some closing costs, or pay your coach.I love that it forces buyers to realize their agent isn't free to them.