If he's putting down 5% now and the terms are interest only, it's very likely he'll have to bring money to the closing table in 5 years to refi. 

He used DPA, and he essentially has a small 2nd mortgage covering the cash he couldn't bring to the table. 

So I understand I will have to come to the closing table on a refinance with about $68,000 + closing costs.

It is hard to paint an accurate picture of ones industry when it is putting food on the table. 

Make sure that the loan brings something to the table.

@Adam MaciasLet’s turn the tables on this, what percentage of so called real estate investors bought a property in 2023There are 2.5 million accounts on BP.

In my model I tied the rent to the purchase price (Rent = .008* Purchase Price) so i couldn't really test that variable much without some sort of data table. 

I think realistically, 150 hrs or even 200 hrs is more likely, especially for a new STR owner.Here is the Excel table my husband did, with some very simplistic assumptions.

This knowledge is essential Assuming you source a good deal (with multiple potential exit strategies), I would then bring in a capital partner to fund the down payment or Property acquisition…and get some sort of sweat equity (depending on your experience and value brought to table) and then invest the $10,000 you do have into the deal itself to add your stake, add some skin to the game and align your interest with your capital partner.

After all the buyer is bringing in the money, giving it to the seller (Escrow) and both agents are paid out of Escrow.It's true that the seller gets less money when agents are involved, but they're not bringing money to the table, they're just taking less money off the table.