With me I am buying a house for my first deal around a college here in KC, Missouri. I will be living in the basement which is the plan and rent out the 3 bedrooms to students. For me that is cheaper and I close on that deal in 2 weeks, if things go smoothly. But look online actually at "Calculating numbers on a rental property" by Brandon turner the host of Bigger Pockets Podcast. One of the episodes had a person who bought houses around a college and rented out rooms I cant remember what episode is that of the podcast but something to search for on google. It was very informative. And look up " How to calculate numbers on a rental property" by channel hipster investments.
@Jamel Campbell Congrats on wanting to take a plunge into a MF unit. I own a couple apartments myself and I would definitely recommend the BP calculators or a quick excel spreadsheet for the smaller deals with work. I've built a financial model that I use to help myself and other investors make informed decision whether it be small SFR's or larger MFR's. Let me know if I can be of any assistance with your analysis and best of luck!
Thanks guys, very helpful!
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