However, anything above 3-4 units you would also need to consider passing the Self Sufficient Rule (SS Rule) where your projected gross market rental at 75% has to be greater or equal to your monthly PITI.

However, acquiring sufficient information to execute such transactions poses a significant challenge.

When purchasing a multi-family of 3-4 units with an FHA loan, it must meet the self sufficiency test which requires that 75% of all units total monthly rents, meet or exceed your monthly mortgage payment.

On the back end it will make reordering faster, increase the likelihood your fixtures will be in stock, and keep the look uniform throughout your units.This has been one of my latest go-to's:Westinghouse 7801765 - it's under $100 and given enough time and quantity, I can save about 30-40% by buying direct (although that requires a bit more work).

Justin Homer Thats not true but you have to contend with FHA's self sufficiency rule which is the main hurdle is using FHA on 3- 4unit properties.

I am the only one listed on the deed for the house.As part of our plan to accumulate enough rental property to generate sufficient monthly cash flow to in order to retire (we also have other non real estate investments), we are planning on renting out our personal residence and moving into our next project property...This will allow us to keep the owner occupied financing that I have had in place on the house (I have checked my mortgage documents and I am in the clear to do this), intact and provide some nice cash flow that we can put to use in renovating our next project house.

IMO, you do not have sufficient room for repairs, replacements and the like.

If it is in a lower and market, something like click lock laminate or luxury vinyl plank might be sufficient, and are fairly easy to install even for a novice.There is a product that splits the difference, which is an engineered hardwood floor – looks like the real thing but installs like laminate.

If your CGL has per property limits of $1 million per occurrence and $2 million annual aggregate, many find that to be sufficient and don’t feel they need an umbrella.

Prices in these areas are very affordable and rents are sufficient to generate positive cash flow.