I house-hacked several properties and it was a great way to get into the real estate space with a lower amount of capital.If you end up looking at using a renovation loan like the 203k or Homestyle (both of which HIGHLY recommend) please reach out because I am happy to guide you through the process.

If it is vacant, you feel confident and comfortable with the other contractor after doing your DD AND they have a lower quote, why not give them a go?

Generally taxes will be lower on the smaller/less expensive properties at a greater rate that the rents will be cheaper, if that makes sense.Hope that helps.  

Especially if you are in markets with opposing high seasons, although finding a winter-peak market is tough in the lower 48 without spending big bucks. 

I was able to use creative financing strategies to get it for 640k with no money down (except for closing costs).

I have been under contract on a duplex ready to close, but the second investor has ghosted me and the lender.

Just closed on a 2 unit fixer upper in Orange County (actually hoarder house) complete with noncooperative tenant. 

I just closed a 3-plex in St Pete a couple months ago with a client Ben Dugoni who just got married.

Hi Corazon, this is how I would think of class A, B, C neighborhoods:Class A neighborhoods are the prominent areas where everyone wants to live, your most expensive houses, gated community, high end homes, high price points, great school districts usuallyClass B neighborhoods have more rental houses, up and coming neighborhoods with lots of flips, you may also see yards not as nicely kept up, starter home neighborhoods usuallyClass C & D neighborhoods are mostly rental areas, more run down or empty houses, street by street, more crimes in the area, lower prices to purchaseThe classes usually has nothing to do with the age of the house.  

Other than lowering my DTI ratio (which is what I'm focusing on now), is there another way to realize that equity or am I stuck with dead equity until I can get that ratio to a better space?