If you bought something today with 5% down, you will be way ahead of the game two years from now and that PMI cost won't matter.

Turning a garage into a game room will probably pay for itself relatively quick. 

Landlord-Friendly:Tenant laws here are more favorable for landlords compared to more regulated markets like Minneapolis, which could be a game changer for you.3.

@Nikhil MascarenhasDifferent people go different routes depending on their risk tolerance, their amount of equity and compared to other assets owned, how patient they are with a complicated set-up and high legal fees, whether they view the $800 as game-changing or just a cost of doing business, etc. 

Obviously we cannot force the borrower to sign so I said let’s foreclose because I think borrower is playing games.

Is that less desirable than a property with 5 bedrooms with walls, but less convertible entertaining space that could be used for movies, gaming,etc?

Real estate is a long game.

Then, it just becomes a numbers game....

has anyone ever raised their skin in the game for a deal? 

I'm all in but I must admit the whole game does feel a little intimidating, anytime I think I like a property and I think of calling the realtor, I start having self-doubt (that maybe I'm missing something and I'll come off completely stupid).I would like to ask the seasoned investors, how was your experience with your first deal?