A reader writes: “I’m considering buying a multi-family property set of apartments in Church Hill as an investment, and to be able to provide some guidance as this part of the neighborhood cleans itself up a little. I have some questions and I’m not sure who to turn to.”
Is there a basic rent-to-cost ratio to keep in mind? Do banks look at financing rental properties differently because the properties generate income? Is there anyone with experience managing rental properties in the area that would like to share some experiences? Since I would like to buy a specific property, should I still get a realtor to help me out?