My father is a renowned general contractor for over 30 yrs and I just got my license as an RE agent.

Lets assume they are Black, female, 675 credit score, paid in cash so no tax or emp records & 40 yrs old if that helps to narrow down her options.Either way, I know I'm also curious and can't be the only person who wants to know what the community thinks, thanks in advance!

HI I am new to BP PRO, I have lived in Broward county for over 20 Yrs, I have owned couple properties some rental until some Family issues few years ago.

I want to buy my 1st rental. I own a house already free and clear and i dont have the two years of w2s lenders are asking for. I have been working a year and my income isnt that high. Any suggestions on how to get a l...

I am putting 20% down and rest as mortgage loan for 30 yrs. 

My wife is an agent with Keller Williams (~6 yrs) and loves it. 

A con might be that your funds are tied up for 3 to 10 yrs and depending on the syndicator you may not be able to liquidate.

Pay off the Mortgage and pay off the Heloc with the Rent ($1000) - Expenses ($245), which with simple interest payments comes out to 4 yrs 6 months to have the house free and clear, plus you pay a micro fraction in interest over the less than 5 years.Then part 2 of his strat for advanced investing he called it, he said the typical lifespan of a rental is 7yrs between light rehabs, since you payed it off before the 7yr mark and it appreciated about 10% conservatively, you sell it, and do a 1031 exchange and roll the 100-120k profit into a house that the 60% down payment is within that last rentals sell profit or buy multiples and run the Heloc strat again. 

With tax sales, you are purchasing liens, not the property unless the current owners don't pay the taxes within 2 yrs.

Rents for a 2 bedroom are roughly 1000 for a decent place and i know a lot of people on here think thats a lot but it is typical hereMy business partner and i would initially move in to each side for rehab approx 1-2 yrs and "pay rent" we are young and already live together so thats not an issue we bounce around periodically, we would push off seperating utilities at least until we moved out, or maybe much later if possible.Anyways, Has anyone on here done this before or thought of doing it?