Multi-family in rural Southern Illinois?
Hello all!
I'm a programmer looking to get into real estate. The property I'm currently considering is a 4 unit that I would house hack (unless I can get away with not). I've run some numbers in the BP rental calculator and it says that I'd have a cash flow of $538 using the 50% rule. I would be living there to satisfy the terms of the FHA loan I would need, so my actual cashflow would be ~0 for a year.
My Question
This property is in a small college town and I'm wondering how I would find out my vacancy rate as well as what I might be able to charge after some rehab work. I know this is question depends on many factors, but any insight would be appreciated.
If you would like to help, but need more info please let me know what info you need.