I've kind of been copying my half-sister's dad's investment strategy, except he was even more negative cash flow with 10 year loans. 35 years ago he had 0 properties.

Not my tenant but my sister in law who needs to leave her rental.This was a bad idea from the start.

Mom, Dad, sisters, brother in law, and brother drove 4 hours to get there, made a tent over the garage and painted it.  

I was looking at a plot of land at one point and came about talking the to nephew of the owner, found out that the neighboring property was the owners sister and would "never sell".

I initially went with FHA but luckily my sister found a loan officer that provided 10% down on conventional loan. 

My sister currently lives in the high priced market of Orange County and is looking to buy a home in Redding, CA where I am located at.  

@Maxwell Lee my sister is a realtor who works with a lot of investors however, I like the perspective you gave of not having to feel guilt when you want to low ball and offer or for me coming in town can be late minute so being able to look at a property whenever I feel like it or going by multiple times for whatever reason, not having to both someone is a bonus.Awesome community feedback!

@Brandon ProctorMy sister/brother in law built in Tylers Landing near 37th/Tyler - its Maize schools and I think would fall within your budget as long as you didnt finish the basement.  

She and her sister, in turn, broke their leases at no penalty.

My sister and I have teamed up on this new venture with the desire to make a better income and improve our financial future.