I have my own opinion regarding trying to predict future rates, but I will keep it out of this post.So, I'm looking for feedback regarding whether this is a fair rate in today's market in Illinois.Credit score = 800+ and townhouse is classified as si gle family attached, all factors pointing towards a lower interest rate on the spectrum.

Memphis is a great town to invest in, but it’s important to note that buying properties that will sell fixed up at 50k will put you in the low end of the spectrum and it’s hard for out of state guys to make any money with those assets.

Sometimes people don't only stay safe but they take it to the opposite end of the spectrum and lose sight of the end goal for what makes them feel good, which I 1000% I admit I fall into it too occasionally, but I try to stay bottom line focused! 

I currently own two investment properties, and like you, I would like to venture into the multi- fam spectrum and decide if that's something for me.

So much I created my own mobile barbershop business to service children who may be on the spectrum and can’t handle the barbershop environment and even seniors who are home bound, bonus is having a new friend they can look forward to seeing once or twice a month!

There are some tools out there, one in particular I can think of, that help to automate this process for you (online application which includes full spectrum of reporting - ie. credit report, background check, eviction history check, etc - and automatically sends reference requests off to prior landlords for them to complete; and if you need to deny an application, it allows you to use a standard decline application message for those applicants whose applications you won't be proceeding with).

I would start by determining where on that spectrum you would like to be.

Hi Tim,The lower you go, the more possible rewards and the more probable the risks (personal and financial).At the lowest end, it can be less costly to get into the business, but you get "tougher" tenants and possibly not much appreciation.At the very top end there may be less risk and maybe less return (risk/return).In the middle there is a spectrum between the two.The question you want to ask yourself is how low in the tenant food chain do you want to go.Good Luck!

You will find people on both ends of the spectrum (ie cash only and max leverage) and everything in between.

Your fees seem to be on a higher end of the spectrum as well.