A family memeber has built many of his home but lives in a different area and thinks material should not be more than $60k.

All of the units are currently rented.I plan on raising the total rent to $3400 (it is currently under priced)I plan on putting $5-10k into rehab At the $271k price I’m looking at an estimated -$26 cashflow loss while my wife and I are living there and a $355cashflow gain when we leave.$391 doesn’t seem like much so I may put one or two units on AirBnb.

The slope is very heavily felt in the entry/living room but the bedrooms and kitchen have very little slope so I am guessing it will still be a very decent rental.The current owner bought it for $43,300 to flip, had it under contract at $103,000 and again for $96,000 this year but both fell through due to inability to find financing.

I have no children, I live at home with my parents.

Live below your means and stash a little cash.

Did you count yourself living there or calculate in the rent as if you weren't?

I live in Los Angeles, Ca.

Purchase price: $196,000 Cash invested: $7,500 I live in it and rent out the upstairs.

After that my back tenant told me there was a guy living there as well and he had a kid.

Get a property that people want to live in and price it right you'll have far less issues then a place people have to live at the top of their budget...You'll want market rents to be around the 800+ range (it's ok if they're lower and you can raise them) to about the 1400-1500 range.