Local investors can have an upper hand when competiting for a deal with other investors, wholesalers, brokers, etc. 

Is $60K + $10K per deal reasonable for an entry-level hire in this kind of setup?

Hey Joe,Congrats on leveling up — going from SFHs to an 8-unit is a big step, and your questions are the right ones to be asking.

Here's a recent example: the last time I installed a fridge, I had to switch the door to open the right way, upgrade the outlet it plugs into, and level the floor beneath it.

Instead of a fixer-upper, pick a quality property that is in or near move-in-ready condition.

-Oxford House may want to be in walking distance to a minimum number of entry level job opportunities, public transit, and 12 step programs.Our software checks for properties which meet all of the above criteria, so that our clients can purchase them and offer them as an Oxford House.

Just make sure your ceilings are level.

Have a lender who also educated you through the process and a real estate agent who knows the area you've already done your own research on as well.Know the passive activity rules: Early losses may be limited depending on your overall income and activity level.

Join us for an exclusive webinar designed for Featured Professionals ready to take their lending career to the next level with BiggerPockets!

Are you looking for turn-key properties or something along the lines of a "fixer upper"?