B would be a step down from that and typically will at least have a pool and gym, maybe a little off the prime location.

But the general premise would work.If you do it, I would look at refinancing the heloc sooner than later and might also work on trying to get a little more money saved up cause you will need a cushion for the rental property.

I like the idea of starting on some items sooner than later.Ultimately, I think my "nice guy landlord" style has worked well for my one SFR rental over the past 10 years. 

I think house hacking is a great way to get started investing and you could probably get started sooner than you think with some of the low down payment programs available today. 

Sooner or later you’ll find something that fits but it’s likly going to take some time and patience. 

We're nearing the end of our due diligence period, so I wanted to double check that we weren't getting ourselves into a mess before our money goes hard.I also wasn't sure whether to have the current owner fill the units, as I've heard horror stories about owners just filling the units with warm bodies in order to show the higher occupancy on paper, when in fact, they turn out to be not the best tenants.All that being said, I absolutely agree that this is a glass half full situation, as we will get to push those rents sooner than expected.

Any property I've owned more than 1-2 years (and some even sooner) have been refi'd where proceeds exceed my purchase price.You just have to be in a strong cash position (via your $, HML, F&F) to strike when the right value add deal is found. 

I would go through my credit union with again a 30% down. by then I would have the downpaymeny as I currently have all of my capitol invested.how would you structure this deal. the seller is looking to get the money sooner rather than later.I can figure out the expenses and income. however I can provide it if need be..thank you!

You will be able to refinance sooner if and when needed.Best of luck!

But we all know in our line of duty we can find ourselves leaving sooner then expected for any random thing.