The addition with the bathroom is only on the ground level.

I have 16 units currently and under contract on 24 more to close next month, I am hoping to scale up massively this year and looking for other like minded investors to have high level conversations monthly and help each of us grow and help with accountability for our goals.

I would talk with a national-level mortgage broker, not necessarily a national “bank”.I’ve used several of the large national well-known lenders to close on multiple deals simultaneously, and had good experiences.

If rents level out, your HOA and/or taxes go up, you could be in the red.

I live in the upper level and the lower level is just unused space.

If not they can tell you the demand and waiting list they currently have.Second you need to make sure the business entity and property level entities are set up correctly so you will need to hire an attorney to do the paperwork for you.

Some will argue for higher or lower but it all depends on your situation and your tolerance level.

I primarily do single family homes In need of MAJOR renovations (full guts with additions/ add a level).

One way or another the main issue is that people seem to have the notion on some level that water should be free - and you can't shut it off.

Entry level, mid, or luxury.