Hope some of that helps.

Hey BP family,I am new to real estate investing but would love some experts insights so I don't get burned on my first dealThis is the property: https://www.zillow.com/homedetails/724-N-22nd-Ave-Bozeman-MT...My thoughts are my wife, 8 month old and I could live in Unit A for a year or two while we rent out Units B & C to help cover the mortgage payments until we build/buy a more desirable family ranch home with min 10+ acres which we've been looking for but have yet to find.My hesitation is I've never been a landlord and am reluctant to get in over my head with property problems while simultaneously growing an online business and being a new father.After some negotiation we counter offered 895k with a 2-1 rate buy down for 20k and the sellers have verbally accepted but since our offer expired we need to resubmit.

We were thinking about having a management company or other professional help generate a letter with details about the scope of the work.

Happy to help if you'd like.

Hope this helps, and let me know if there's anything else I can do!

Super helpful thanks for posting.

Thank you all so much for your help!

Properly addressing these aspects will help you avoid any legal or financial issues.

I never really run an analysis on these type of deals and wanted to get some help before I started talking numbers.

But the factor helping you is the amortization of the loan (principle paid down on the loan  by the tenant).