I’ve got some feedback from my biggest critic, my dad, and he’s advising against it and pretty much rentals altogether even though he’s had success with MFs and garage rentals for decades. 

I’ve got some feedback from my biggest critic, my dad, and he’s advising against it and pretty much rentals altogether even though he’s had success with MFs and garage rentals for decades.The property is in Providence, RI, in a family neighborhood.

I’ve got some feedback from my biggest critic, my dad, and he’s advising against it and pretty much rentals altogether even though he’s had success with MFs and garage rentals for decades.The property is in Providence, RI, in a family neighborhood.

For those of you who are flippers in the Phoenix area (full disclosure: I am not, I prefer the buy & hold investment model), there is a silver-lining to be had with this news: Regardless of how "low-ball" the offers Zillow makes are on average, the high-volume flipping business model would not yield much success in a flat or declining market especially if capex upgrades are minimal.

If the eviction is for non-payment of rent you should be able to get a flat fee eviction. 

If you’re thinking about a house hack and want a “nicer” town or good school district, then that’s going be different altogether.

When I bought a two flat in Chicago, our lender was satisfied with a LOE stating funds ($25k) were gifts to my wife and I (12,500 each). 

So, your cashflow looks more like:Ins= $50Tax= $70Mgmt= $73 (likely more if they charge a lease signing fee, and not just flat 10%).Vacancy/M&R= $109CAPEX= $150 (likely more)Total= $725 minus $452 = $273 monthly cashflow.

How do you pay your Bird Dogs? I have friends who are constantly on the road and in Northern NJ I often take Uber or Lyft etc. They all seem like they could be leveraged for your business just not sure how to pay them?

HUGE flats (over 1500 square feet each) in the heart of Hawthorne.