@Nathan Gesner gives good advice. 

It’s a smart way to leverage your current resources while keeping your financial risk in check.If you ever need advice on financing or want to discuss this strategy further, feel free to reach out.

There are many good comments and advice in this thread.

Purchase price: $1,000 Cash invested: $15,000 Sale price: $34,500 Bought this property from Detroit Land Bank Authority.

Hello,One of my single family rentals that is outside of Atlanta, was heavily damage in a fire and most likely would require a full rebuild.  If anyone has experience with this, especially in dealing with insurance, I...

Much to my surprise, the author himself was not there--so I figured, they just borrowed the copyrighted trademark "rich dad."

Readers should seek professional advice.

Do not rely on it for legal advice.

One of my favorite authors, Nicholas Nassim Taleb, sold me on the concept of Skin in the Game and holding all pundits accountable for prior predictions, myself included. 

Then, there’s paperwork to finalize with the local housing authority, and finally, you start getting rent payments.