And as I explained earlier, your investment is protected by real property, so your risk is extremely low. 

It sounds like you’ve got a solid plan and a great passion for real estate investing.

Purchase price: $240,000 Cash invested: $60,000 purchased this distressed duplex using owner financing for $240K and a $60K hard money loan for renovations.

Life is busy with regular work and a few kids, so just looking for any way to maximize our time where we can!

A FHA 203k Loan is where the purchase price and rehab costs are rolled into a single loan.Assuming you have a respectable FICO you can buy, with a FHA Loan (3-5% down, a 30 year amortization schedule, and a residential loan rate which is around 7% in today’s market).If the property requires rehab, the Realtor and/ or Mortgage Broker will suggest applying, for a FHA 203k Loan.

I am in northern Minnesota, I'm still roughly a year and a half away from graduating so I am just gathering info at this point.

Since buyers will be putting so much consideration into the kitchen, installing new cabinets, countertops, and a nice backsplash is vitally important!

I have 2 rentals in SW FL- both have open insurance claims and a public adjuster is involved.My insurance policies renew April/May.

Pairing it with solid wood pieces adds warmth and a cozy touch.

They are a bad deal for homeowners and a terrible deal for rentals.