But like a lot of folks, we dipped our toes into the short-term rental game a couple years back when the numbers looked strong.We converted six of our smaller units, one bed, one bath places in good parts of town, into Airbnb's.

Despite my best efforts, I was unable to obtain a satisfactory tenant for the vacant storefront, and eventually leased to the other storefront tenant for $250 per month.

LTV is 90%, so inevitably we'll be coming out of pocket to convert it to a DSCR loan on that valuation.

The multi family properties in the area are going for similar prices as our current single family home, slightly more in better neighborhoods, and depending on how many units.However, the final plan would be to eventually land in a single family in the suburbs.

Convert the other unit to electric baseboard.

I persisted and much to my surprise one day the door opened a crack and thus began a multi month journey through this man’s personal hell that eventually led to a $30,000 profit.He owned a local Jamaican bakery that was failing; his marriage was ending and his soon-to-be-ex moved out with their 5 year old daughter; and now he had lost his house.

This is a originally  built ranch duplex with basement and a firewall between the units and all the comps were with old houses converted to duplexes.

Will you get wealthy - Sure, eventually.

To put 20% down on each rental is just not a long term strategy as eventually your funds will run out.

Curious — are you and your fiancé looking at tax liens primarily for the interest yield, or with the hope of eventually taking title to the properties?