Multifamily properties are tough to sell in Los Angeles.

Process of selling primary residence, but instead of investing in another property, we are looking at purchase a small business instead.

My brother and I, both out-of-state investors, recently acquired a long-term rental property in the Boerne area (near Leon Springs).

Just curious what would happen if the the tenant decides to stop making those payments and leaves the property damaged.

Our company has a few markets where you can buy property in which you have the possibility of getting a section 8 tenant.

I purchased my childhood home from my father for about $100k less than market last June and the original plan was to hold for 2 years which takes me to June 2025, do minimal renovations, then sell and take the profit from the sale and purchase one or two more investment properties.

Unfortunately, on a property this age you don't anticipate it. 

Are you seeking helocs on investment property or primary residences.?

I would most likely be interested in renting out multi-family units and would have to use a property management company, since I live outside of Chicago. 

I am looking at a prospective out of state long distance deal that has been difficult to obtain lending on as there is both a regular home and mobile home on the same property and the mobile home causes the potential investment to not meet conventional guidelines and therefore not even DSCR loans are an option.