Hi everyone

[Jeff Lange]

I am new here and and am very interested in learning the ropes of investing in rental properties. I have a potential property I am looking at and would like to understand who the best people are to discuss finances with.  The house is for my kids in a small town and one of the questions I have is if I break even on my first property will it hurt my chances to buy future properties.  

[Jeff Lange]

Brandon, Good Point. So I have been doing a lot of reading and have discovered this industry is financially complicated. My new plan...purchase the home for 60k (it is appraised at 85 with no rehab costs), cash out refinance or HELOC, subdivide the property, apply the refinance money as a down payment, have a local builder frame a duplex , ( a project I will assist him on to keep costs down), finish the painting with a small crew, etc. I am in the process of researching costs after framing. If the numbers don't work then I am back to looking for my first SFR. If the number do work as I hope they do, I won't do it unless I have immediate 20% equity.