The rent prices I was basing off of rent estimates I found on the web, so I'm not sure if that is a factor, but I can reassess.

Also if this property is on septic that also can throw a wrench into the ability to call a space "a bedroom" as septic systems are sized and permitted based on the bedrooms.

You don't want to lose your rate on the house you are living in now unless you want to sell it so since that is an owner-occupied, you need to stay there and save up the 20 percent for the second property based on what you said.

Based on what my mortgage broker told me a couple of days ago, these rates are in the low 7%'s, whereas the secondary home loan is low 6's.

Some investors thrive in these situations, while others prefer clearer paths to ROI.Before proceeding, consult with a real estate attorney and conduct a title search to uncover any surprises.

Especially after doing a reverse image search on David Hausner's profile- it looks like he has set up a fake profile using a stock image: https://tineye.com/search/d70e...

Here are a few thoughts based on my experience:1.

I have been looking at properties and it seemed like the seller s  based their price on zero percent cash flow for the buyer.

Co-living is a good bet here since we have a large military presence of young guys living off base. 

Problem with these is 1) they won't appreciate as quickly as those closer to the city and 2) it's a whole different tenant base, usually with a lot more management.