Makes complete sense to purchase a property that breaks even or loses money.

Loan Amount: We specify this as a percent of the purchase price.

Alot of unknowns as you don't have the ability to walk the property beforehand, but interesting process, and pretty good deals exist there.While the Trustee Sales are cash purchases, there are many hard money options that can turn over the funds in time for the 24 hour funding required to complete the purchase.If you are interested, let me know and I can go into more detail, as well as make some other suggestions for you to consider. 

I am currently in the market to purchase a tri-plex with the plan to live in one unit, make upgrades, and rent the other two out.

Purchase price: $160,000 Cash invested: $35,000 Another 1% single family deal in a transitional area creating long term wealth

The seller's LLC pays capital gains tax and depreciation recapture, while the buyer's LLC uses the purchase price as the new cost basis.

I know that something has to change and I want to explore purchasing real estate.

So it was 153k for the purchase and 40k for the rehab, I had to come up with the rest. 

There are some markets that you may be able to make a purchase with what you have available. 

@Brandon Stelling As a military veteran with 100% VA disability benefits, you can leverage VA home loans to purchase properties with no down payment, no PMI, and favorable terms, including multi-family properties for house hacking.