Hypothetically, if I found a property with strong rental demand, the income could cover loan payments, operating expenses, and generate a modest positive cash flow.While this example involves upfront risks, the idea would be to leverage my father’s expertise as a contractor to minimize renovation costs, boost the property’s value, and create a long-term asset that appreciates over time.

Right now, I’m seeing max LTVs closer to 80% on purchases, though before COVID, we sometimes went up to 85%.Also, keep an eye out for lenders who promise amazing terms but demand large commitment fees upfront.

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I just don't think you can expect a property to cash flow when you're putting 3.5% down.

A slightly higher upfront cost in a better area will likely yield better tenants and less hassle over time.Investing in McKinney is a great decision, but working with someone local who understands the nuances of the DFW market can help you identify the best opportunities.

I plan on getting a property every year until I retire if I can find a good deal that cash flows positively.I have a very close friend whose stationed in Columbus GA whose a real estate investor and owns rentals there!

He scammed a lot of people out of a lot up-front of money.

So this requires some upfront planning. 

How much upfront costs are typically involved in a project before you know if it's a viable project to pursue? 

NOGuidance line Terms as least for us in the 2000s were I had 6 different bank guidance  lines.1. advance 80% of loan we needed 20% of our own cash.2. one year term  1 point at each renewal.3.