My worry is the 5 years pass and the balloon payment comes due, and now I am stuck with whatever interest rate is available at the time.

Hello All, I am analyzing my deal and here are the detailsSmall Town , Couple of big Manufacturing plants and HQ for 1 of the fortune 500 Client.

I plan to start with about $5,000 in reserves and save up to around $10,000 over time.

The current thought is purchase a 4 unit in the spring as a primary home and live in it for a year while renting out my childhood home and purchasing another duplex in the fall to put me at 10 doors, then move back into my house at the end of the year lease and after a year in the 4 unit, whichever comes last.

Sales/market, cost and the income approach. 

Look at properties up for rent in the neighborhood that are advertising for the rent you are looking to achieve.

Wish you all the best.

Appraisal comes back clean and not 'subject to' (your lender can help here).

I would have really liked to invest where i live, but Minnesota really does not have the price point for neighborhoods that will help scale Brrr.As I am just starting out i would like to start in zipcodes which are not already exhausted with Brrr investors. 

I would like to do the state filing myself, because its easy and cheap.