Nice thing here is property maintenance/expenses is turned over to the tenant/owner and you're out of the landlord game, but still get monthly income.  

Quote from @Liz Rivera: I’m currently in the same predicament, except I’m renovating the unit I’M living in. I

While the rates can be a bit higher, the ability to work with a lender who understands your specific needs and timelines can make all the difference.For larger projects, private lending can be a game-changer.

Quote from @Luke Machen: Hey all - I'm new to the RE investing game and have some (probably dumb) questions regarding cash on cash returns.

Quote from @Danny Gonzalez: @Paul CijunelisSo I’m not in the IL market, but I’ve owned a PM company for 5+ years, and here are some lessons I wish I’d known when starting out:1.Hire a VA Early: If you haven’t already, bringing on a Virtual Assistant is a game changer.

On the day I moved in, I found out the property managers had other units in the apartment complex listed on Airbnb because an Airbnb guest tried breaking into the wrong unit (the police were called).

Most seller finance notes have interest rates in the 9-10%+ range.Also, 5% down is very little skin in the game for the borrower.

Buying a place to live in is completely different than buying a place for investment.   

I am new to the real estate game.

If we buy this loan, we need to have a thorough game plan on how we are going to be resolving this and understanding these dynamics is key to managing expectations and protecting investments.Sounds like a deal more for someone that buys partial inheritance estates and spends years piecing it together than a note investor.