But I can’t do that if a  long term lease is in place!  

Any advice would be most welcome, i feel ready yet anxious to move up to the next level of real estate investing for long term rentals. looking forward to meeting everyone

Purchase price: $525,000 Sale price: $525,000 Project Overview: Duplex to Triplex Conversion for Long-Term RentalIn this real estate investment project, I assisted a client in purchasing a duplex and transforming it into a profitable triplex.

These forums are typically more interactive and focused on discussions rather than long-form posts.Thanks for understanding!

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620, many blemishes, but should have no evictions in last 2 years.

Main things I obviously am looking to figure out are:1. is it easy to get places rented out there or is there not much demand, 2. how have rent increases been over the last 10ish years in the area, 3. is this area generally somewhere that’s likely to see some good appreciation4. any serious crime concerns, or anything else I’m not thinking of!

. - Increasing population is increasing demand - Labor trends seem to indicate that a large percentage of the "jobs added" in the jobs report over the last few years are works who are new to this country. - A dramatic increase in the supply of willing workers usually results in a decrease in hourly wages. - A dramatic increase in the supply of folks needing a place to live usually results in increasing home prices and increased rents.

Seems like it is a market which is only for STR, and resale is also mostly dependent on that.However, the appreciation for the last 10 years has been significant.

The last stage is Hypersupply where construction is continuing but at the deficit of vacancy.

The house appraised at $69,000 last year.