2024 Q1 Wrap-UpCoStar Summary: Southwest/Bystrom is a very small submarket within the larger Modesto market, with just 616 units of inventory.

I bought a 2-unit property and now in the process of screening tenants.

.- It's against FHA rules to use a 203K loan for an investment property, unless it's a 2-4 unit multi family and you will live on site.- 203(k) Loans are for Owner-Occupants- You can't use a 203(k) loan, legally, if you're planning to rehab/rent(not live in) the property.- The Cash Out Refi Seasoning Period is 12 Months.

The exterior frontage of the townhouses look not great as in many units might not be good on the upkeep which could be an owner/tenant issue or an HOA issue.

You mentioned using an FHA loan, but that poses some real challenges in the city for a three-unit building because it's very difficult to find properties that can pass the FHA self-sufficiency test.

With that said, given how harsh the anti-landlord laws in the city seem to be, having a higher volume of tenants seems scary with only one unit.

Biggerpockets won't let me hyperlink out of a forum, but if you go to themoneydummy .com and look under the marketing tab, you can see my SEO strategy (it's pretty high level, and I do intend to provide a newbie SEO post at one point or another), that I'm using to take over Google in southern Wisconsin. 

Hi John, I am currently focus on MFH 2-4 units.

My units exceeded the reported average occupancy in each of their areas (by a modest amount).  

Conserves capital and allows investors with little to no cash to scale.House Hacking: Live in a multi-unit property while renting out other units to offset expenses.