So this requires some upfront planning. 

You're going to have to scrap like crazy to break even - think rent by the room, short term, mid term strategies that require more work.

Costs vary but can range from $1,000 – $3,000 per unit.Water/Sewer: This is more complex and may require approval from your local water authority.

Does a DSCR loan require 20-25% down payment?

Hi BiggerPockets community,excited to connect with like-minded individuals who are passionate about real estate investing.

@Fareen E. as long as you don't violate Fair Housing and are CONSISTENT, you can do whatever.If you require an ID from EVERYONE, you are safe.

Given you and your investor both have experience in different areas, I’d say keep a flexible approach and compare city requirements before putting too much money down.

He offered to sell it to me with owner financing for $400,000 and only required 10% down, so I jumped on it.

I read that one of the requirements for getting your second FHA loan is having a change in family size.

I'm currently building up capital for future ventures and properties that I find on market, as well as attempting to find the best brokerage where I can work under an individual who is already more established.