My plan is to hold onto it as a rental property, targeting Section 8 tenants, as the rental income is quite attractive at nearly $1,500 per month.Here's the challenge: The property's purchase price and labor is below $40,000, and I'm uncertain about my ability to secure a traditional mortgage for a property at this price point.

Compared to traditional, I think the latter is only the risk.

I am basically the traditional Asian family that spent my entire life saving money and purchasing a place in New York City, and after trying to survive for a while I find it too hard now that it’s 2 people and decided to move back to my hometown and do some investing looking for cash flow in particular.

Unlike traditional real estate notes is something that is easy to do from afar since you do not get access to the interior anyways so there is nothing you can physically inspect.You are correct that you will get $500-$600 a month in payments but also recognize its taxed at ordinary rates... 

Explore traditional loans, hard money lenders and private investors to understand your financing options.

Traditionally in the Black Community, in the past we were prevented from building wealth through multiple angles.

I used a traditional bank mortgage through US bank.

Hi Kim, Most traditional investor loans will require a minimal of 15-20% down payment. 

Depending on your office location, co-working spaces may open you up to more 'walk-in' business than any storefront or traditional office space.- Evaluate the best tech platforms to subscribe to. i.e. skiptracing, RE data sites, CRMs, etc.- Create Standard Operating Procedures (w/video) for every repetitive task on the admin, sales, and marketing sides of the business.

Ideally I would like to live off income from REI, as I cannot currently work in a traditional sense (ie, desk job).