It involves building credit and saving to secure better financing deals.

Initially, my goal was to secure a multifamily property using my VA loan for leverage, focusing on long-term rentals.

Most retired couple, should be able to  “get by” with 5, especially if they have any other investment< social security or a pension. 

It's also wise to check references from previous landlords to understand their payment history and behavior as a tenant.Once all the information checks out, you can proceed to signing the lease and collecting the security deposit and first month’s rent.Good Luck!

Quote from @Muhamadou Kaba: Quote from @Jay Hurst: Quote from @Muhamadou Kaba: I have a duplex in northern Detroit, Michigan (near Wayne State) that was ...Hey man, I'm curious if we can secure you an 85% rate/term refinance.

Ceiling fans need to be secured differently than a basic ceiling to be stable and this is of course electrical work so allowing a tenant to potentially do it is a liability issue if they got injured. 2.

What kind of terms have you been able to secure?

Since you don’t have a credit score yet, think about getting a secured credit card to build it up—it’ll be key for real estate financing.

To make this deal worthwhile, you’d need a lower purchase price, better financing, or higher ARV to secure a comfortable profit margin.If you need help structuring financing, let me know!

She eventually got arrested and sent to jail right after I kicked her out so suing her for add'l damages above the security deposit amount would be easy to get the judgement but difficult to get paid back.