VRM Properties is misleading on their website, not very many details are provided on their loans other than comparisons to a conventional loan.

If you’d like to own 10 SFHs that’s a way different trajectory than someone who wants to own 100 units of multi family and different from someone who wants STRs in different areas so they have a place to vacation occasionally.

He also doesn't want to leave living with my sister and her kids either, but really can't afford to pay more than the $150/month that he's barely able to pay now.Both my sister and her father-in-law are very low income earners, and the house they live in is too much for her to pay for on her own.

Buying after separation was cheaper than renting.

I can promise you that my first deal was TERRIBLE, but I lived at a reduced monthly cost to living than renting/buying a single family and that is what mattered. 

This dedication can help you avoid becoming part of the 70%-80% of new agents who leave the industry within their first couple of years.

When you own a couple of units, the odds of there being unexpected vacancies that overlap each other are usually low, but when you acquire more and more real estate, the odds of tenants moving out around similar times increases. 

If the lease is a do it yourself and/or more than 5 years old you probably want a new one anyway.

@Collin Luckett  Just adding, if you have the ability to fund with your HELOC, it would be far cheaper than PML or Hard money. 

The problem with vacancy is it assumes all products are the same, our 2 bedroom which is designed much better than our 3 bedroom and more thoroughly remodeled has lower vacancy.