I want enough money coming in so the business can sustain itself when issues occur with maintenance or vacancy.If you wanted to do this with only 20% down ($46,000), which is all you need for a conventional loan, here is how the calculations change.Total mortgage + escrow $1,493.33 per month with cashflow reduced to $306.67 per month.I prefer to overestimate purchase price, interest rates, and homeowners’ insurance to be conservative.

I just lost $10,000 in earnest money, will be sued for the sellers agent's commission, and my agent doesn't get a dime.

This way you learn and make a return on your money.

I know you don't have money for a downpayment yet, but when you do, rent out rooms or buy a duplex or triplex and live in one side and rent out the others.  

COC will make you money now and appreciation will make you wealthy!

The property will be strictly for investment purposes, not a primary residence.I’ve been looking into two potential financing options:Hard Money Lenders (HML) – I’m drawn to this option for its speed in closing, but I know the rates can be higher.DSCR Loans – This seems like a great option for long-term rentals, but I’m unsure if it’s the right fit for my auction property since it might need some rehabbing.I’m also considering purchasing through a land trust or an LLC to add a layer of protection and privacy.So, my questions are:What’s the best way to approach financing for auction properties?

I'll do this before my tenants move out however, my intention for this is so they can get the most of their money back.

Learning that I prefer money invested in real estate over money sitting in the bank... don't we all?!

Again, I used my parents but this time only as lenders of part of the money for the down payment.

The only way I can access is money is through my primary residence and doing a HELOC.