That allows the payment to be low, manageable and easy to cash flow when you transition it into a rental.When you move out you will have more money in the bank, stronger assets, and be cash fluid in case you need to make an offer on more investment properties.

Home needed some work.Lovely group of siblings who were very easy to work with!

I will also say that deals like you are showing are easy to find.  

I always ask the question of a new investor: "Do you want to go the traditional route and pay 20% down for a property that cash flows $100 to $200 a month" which is relatively easy to do and buy 1 house and then wait a couple of years until you have enough for the next property, with rising real estate costsor "Do you want to learn how to buy multiple houses using Creative Finance that cash flow $300 - $500 a month with no limit on the number of houses you can buy" but requires learning how and taking advantage of the rising real estate values?

That's not easy to reproduce in today's market, so Kudos to you both!

Geez...let's start with the easy part:  you need a real estate attorney. 

real estate training has always been a big money bizz.. its really promulgated though with U tube and how easy it is to throw you stuff out there.. but to really get wealthy doing it you do need a ton of dough for marketing or a great relationship with a fullfilment company.

It's because typically people say they want financial freedom but are looking for an easy button where they do minimal work and all this success happens in their life.

@Shuvrajit Mukherjee - You have to be able to scrape that data from some where pretty easy...a lot of that property specific info is public record.There is a website called chicago cityscape...I am decent friends with the founder....it is sourcing a ton of data that might help. 

.: @Lolo Druffi'd pick a market that's easy to get to, where you can be in person - perhaps (gulp) even in California.