Updated over 6 years ago on . Most recent reply
Owner occupied MFH
So I am looking to get into a MFH in the San Antonio area. I will be moving there. I want to live in one of the unit and rent out the others. What I want to know is that should the 1% rule still apply in my situation? If not, Is there a rule of thumb for how much I should add on top of the rent to meet PITI to make it a sound investment? Also, if I am completely wrong with my strategy, please call me out.
On another note, if there is an agent reading this based out of San Antonio, please reach out to me, if you don’t mind working with me.