Hi Dan - As others mentioned, lowering leverage can helo achieve a lower rate.

Now, I can negotiate seller credits to address some of the plumbing issues and have them run a water line for the 2nd unit. I

I’m currently on a mission to purchase my first investment property within the next six months, and I’m eager to learn from all of you along the way.I’ve always been fascinated by real estate and its potential for building wealth and achieving financial freedom.

This would give us 27 acres total and allow us to achieve the full scope of the property and do amazing live events here in the Ozarks.

I have a 2 bed 1 bath garden unit, I have this possible tenant who is interested, she makes about $3500 with disability and social services.

So any damage to your unit is YOUR / your insurance company's responsibility.  

My 10 year goal is to build at least $20,000 a month in passive income in order achieve some financial freedom, but I also see real estate investing as my true passion post military.

This makes the BRRRR strategy a bit more difficult to pencil because the same leverage cannot always be achieved (with some exceptions of course).

Kudos to you for putting in the effort, but I gotta ask, how much time and $ do you have invested in achieving these results? 

Despite the challenges of managing a tight budget, we successfully transformed the property and achieved a profitable outcome.