The cost of entry is a bit higher compared to Detroit or Alabama, but the fact that you are grooving is awesome.I would add to talk with your family to discuss the amount of leverage you are comfortable with as you start talking to these new HMLs.

Tip: Take a couple videos of the place fully furnished before anyone moves in and send them as video tours to potential tenants on FurnishedFinder when they ask to see the place.

How did you incorporate the funding fee PLUS the closing costs?

**Letter of Intent (LOI)**: Though not legally binding, an LOI can outline the basic terms and conditions of a potential deal before the final contracts are drawn up, ensuring that all parties are on the same page.It's always wise to consult with a real estate attorney to ensure that your contracts comply with local laws and protect your interests.

For a single property, a strong umbrella insurance policy may offer sufficient protection at a lower cost.

You buy it and now go to look at your beachfront and see a dumpsite of shingles or tires, that will cost you more than the lot is worth to clear out and maybe have the EPA just waiting for someone like you to jump on with fines for the cleanup. 

Purchase properties at a discount that need renovation work to then sell at a higher price profiting at least 15%+ cash on cash returns of all in costs each deal.What is the outcome?

I was able to qualify for about $95k in 0% business credit cards (for 12 months), I then liquidated the cash and used a portion of that to obtain the hard money loan that covered the balance of the purchase cost.

There is so much free and low-cost information out there.

I work in group home settings for a living and at my previous facility there were two clients per bedroom which would give you potentially 8 in your house while at my current job there is one client per bedroom which would only be 4 clients in your home.