Given their age and position in life… mailbox money flow forever sounds like a good start to retirement to me!

My two favorite loan options for getting started are the FHA 203k or the Fannie May Home Style. 

I give them a deadline to respond, very clear terms of how we will move forward with the option they choose, and I make it clear this is my final offer.

Alternatives include seller financing, a lease option, or using an LLC or trust to structure the deal while maintaining tax benefits.

I agree with most—if you're local and familiar with the property's history, self-managing could be a great option!

Obviously the numbers and location would determine which is the best option for me but these would be my preferred methods. 

Additionally, the price point is still cheap enough to find the 1% rule and positive cash flow and it's super landlord friendly (so you will never have to go through a 12 month eviction or anything close to that!).

I have a couple of funding options on the table and I’d love to hear your thoughts:Funding Approach: I have capital partners who are willing to fund 100% of the project in exchange for 50% of the profits.

I'm an investor and mortgage broker and have options for loans that go as low as $75,000 and down payments as low as 15%, which makes it easier to stay above $75,000.

When my loan was not going to close, it was one of the options that my broker and lender told me about and actually referred me to for a conversation.