Going to be hard to evaluate but w.ould love input
Looking at a 4 unit place. Rents are 450, 550, 500, 650. Ill be living in the 550 one. Will be getting it for 95k. The 95k is coming from selling property my family own, we all get a share (its conditional, cant string it along. Pick what you want, and thats what you get if you know what I mean. Its not a huge sum and its being split according to my fathers decisions.) So I can't go spilt the 95k to buy multiple properties.
Tenants pay the electric. I pay the gas/heat/water, which gas averages around 500 during the winter months.
With me living in one unit, it will bring in 1600 a month. The property taxes are 3800 a year (will drop a tiny bit with homesteaders).
What do you all think?