Also, goal is long term holding to build retirement income.

if you're closer, you can go to the property, put eyes on yourself, and get 5 quotes if you want.I'm just going to try to make my point one more time.  

Property Condition & Amenities: it’s important to, “Maintain to the Neighborhood.”Key metrics for each Property Class:Class A Properties:Tenant Pool: Majority of FICO scores 680+, no convictions/evictions in last 7 years.Tenant Default: 0-5% probability of eviction or early lease termination.Section 8: Class A rents are too high and won’t be approved.Vacancies: 5-10%, depending on market conditions.Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Class B Properties:Tenant Pool: Majority of FICO scores 620-680, some blemishes, no convictions/evictions in last 5 years.Tenant Default: 5-10% probability of eviction or early lease termination.Vacancies: 10-15%, depending on market conditions.Cashflow vs Appreciation: Typically, 1-3 years for positive cashflow, balanced amounts of relative rent & value appreciation.Section 8: Class B rents are usually too high for the Section 8 program.Class C Properties:Tenant Pool: Majority of FICO scores 560-620, many blemishes, but should have no convictions/evictions in last 3 years.

For a long term loan product of a house of that value, you'd need to try local banks and credit unions. 

Real estate can absolutely be a great way to diversify your portfolio, especially if you're looking for steady cash flow, long-term appreciation, and tax advantages in this next chapter of life.

Working with a licensed broker in Phoenix to source properties for a long-term, institutional SFR buyer, I welcome the opportunity to mentor and build with a like-minded professional. 

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $640,000

Cash invested: $192,000

We purchase this 4 unit Minnesota rental in April 2025. This is the second ...

Another market update for Raleigh North Carolina - here's what's happening with our real estate and how it impacts you as a long term holder, short term operator, house hacker, or even a flipper.Inventory: Listing are up 25% year over year, which is an impressive jump to say the least.

I've tried to manage the tax implications and there are many and no, I do not want to 1031 any of them as I no longer want to be on a week long vacation and invariably something comes up.

Your life shouldn’t be about maximizing every last possible dollar of income.