Hi BP Community,I’m a first-time investor from New Jersey with excellent credit and most of my savings/investments in stocks and funds.

I've been doing mortgages for 27 years and I teach VA lending...I know all the tricks and nuances.TYFYS and best of luck!

I've built my entire rental portfolio off of going direct to seller and starting the cycle of 1. sourcing my own deals 2. assigning 3. using assignment fees to build capital to buy more real estate and more marketing. 

Quote from @Tina Lee: I bought an old condo, and had my handyman and his guys went to do some work at house.

Worked out well and retined boiler heat with central air in a 4 bedroom 9 room house.So its not either/or; you can have boiler heat and central air together.   

Too much liability for the PM, lots more work, and no promulgated forms. 

Ask 5 employees the same question and you'll get 5 different answers.

I live and invest around Marquette.

My goal is to achieve financial freedom by age 36 and to understand various aspects such as investing education, strategies, business planning, properties, marketing, and exit strategies.

I suggest you get a hard money loan on the free and clear rental.