Purchase price: $125,000 Cash invested: $120,000 First try at turning a single family home into a duplex while going through the permit process for the first time.

He told me that he owned a couple large mobile home parks in town and that's what started everything for me.

I've seen some people house hack a single family home by renting out the rooms, but keep in mind that traditional lenders would not be able to use the income from renting out the rooms (known as boarder income) towards additional income on the application.

We have 2 San Antonio sub2 deals that are turn key homes and only require about $20-25k to close (assignment fee + closing costs).They're a great option!

Not only can you collect rent to go towards your mortgage, you're also building equity that can potentially be used down the road for your next home or investment.

(All of this is also with the caveat that I don't know the details on your current home). 

Located inside the gated Diamond Bar tennis club community this prestigious 2 bed 2 bath second story Apartment town home with detached 1 car garage and 1 car port parking will leave you looking no further.

If I purchased a home locally I’d have to ask well beyond the market rate on rent just to break even.

Quote from @Yash Shah: Hello everyone,I'm new to this group and would love to hear your thoughts on the pros and cons of purchasing a corporate or bank-owned home.

If you're insuring a home to replacement cost, insurance companies don't care about appraisals or what the home is worth.