Hi @Alan Lambkin glad to know that the Worcester multis are viable and can generate income.

Over time, I've proven to my lender that I know what deals to work and how I will go about generating cash flow from a rental.  

I'd look at 4-plexes as well - same type of loan and you get one more income-generating unit. 

My plan is to buy enough rental properties in the Midcity area of Baton Rouge to generate enough cashflow to be able to quit my job and try my hand at flipping. 

In this case a certified copy will be in the surveyor/assessor/P&Z office and they can give you a certified copy for a fee, part of the income generation set up in many areas requiring something that only another office in the county can provide.

That said, that's still a pretty good deal given that you'll be generating about 20-30% COC on the deal.

Your management costs are greater (25-50%) if you have it managed, And your window for income generation is often seasonal.  

Hi everyone and thank you in advance for any advice you may have.I have a situation where I purchase a house 6 month's ago for a family member,my daughter,to move into.I applied for and received permits to do construction repairs to the property.Since the house was purchased by me for a family member,I as the homeowner was able to pull the needed permits.I am not a licensed contractor.The permits were for scope of work/general repairs and minor electrical repairs.In my state of South Carolina if an owner pulls permits on second homes or investment properties,you are not allowed to sell or rent the property for two years.Well do to unforeseen circumstances,illness in family,my daughter can not move in and I will need to list the house for sell.It will cause me some financial problems if I try to keep it.The majority of the repairs have been done but are not complete.I need to sell the house in unfinished as is condition.My question is has anyone dealt with open permits when selling a property.The permits are with the County of Charleston and they have always had a hard nosed attitude about generating revenue.I know the most obvious answer will be to call the building dept. and find out what to do,but just wanted to get a heads up before I do from anyone who may have had a similar experience.Thank you....

Now the reason why most will not turn down a listing is because their in business to generate an income.

How much equity do you have generating $5k/month?