There are comps in that price range to support that.For context, a brand new townhouse a 10 doors down and around the corner sold 2 months ago for 1.2 million at 3300 sqft, but it's brand new construction with a garage and is a nicer street (a street perpendicular to ours, i.e. a T shape)Ours is a 900 sqft townhouse, for our exit strategy I propose we perform a larger renovation in 5+ years and flip it.

Totally agree with Keith — it's a demanding business that really rewards full commitment.

If you value stability more or cannot commit real hours, it may not be the right move.Also, look at unadjusted basis of the property to run number if the cost seg actually make sense.

It’s because I could just reinvest the full sale proceed at t-bills for 4%, or another investment that can give me 10+% returns.

How much equity do I need to achieve that income from investments.Right now, I find the answer t (1) is my current income plus 20k per year (to cover benefits e.g., health insurance, currently covered by my W2 plus 10% as a buffer.I think real estate can give about 5-6% cash flow when paid off before appreciation, so this is about 3M in today's money.   

Before committing, have your contractor pull up a small section of carpet and check the subfloor for staining or moisture readings.

.- Lots of travel back and forth depending on your volume and involvement in files/deals (could also be a pro)- Requires serious time commitment to have staff/showing agents helping you out when you're out of town.

Also check LoopNet and Crexi for multifamily listings.Before committing to an agent, talk with several local ones to get a feel for the market.

We ask people to fill out this form, few actually do.FORM TO REQUEST AN ASSISTANCE ANIMALWe are committed to granting reasonable accommodations when necessary to afford persons with disabilities the equal opportunity to use and enjoy our rental properties.Under the Fair Housing Act, a person with a disability is defined as a person who has a physical or mental impairment that substantially limits one or more major life activities.

There are plenty of lenders out there, but you need someone who can help you make the right decision for your situation.My goal is always to give you the information you need so you know what to look for before committing to a loan.