If you're marking up the property substantially a double close using short term transactional financing might be more private.

It's not my intention to steer you away however I feel like you could grow a substantial amount of savings and use this opportunity to your advantage.

If this was a 50k house and you wanted to pay 50k and the seller wanted 60k that’s a fairly substantial gap.

I anticipate this area to (for better or worse) gentrify substantially during the next decade.This is not to mention the new Rush Line BRT that will be built in the next couple of years (https://www.maplewoodmn.gov/1168/Rush-Line-BRT).

Also note that if the property is being sold for a much higher amount than it has in the past (often if it hasn't sold for 20+ years), there is a good chance that on year two your taxes will increase substantially as the county records the new value.Insurance figure around $1,000/year for a $100k price, or around $1,500 for $200k.

Furnished rentals work well in studios especially and can net substantially higher rent than a long term lessee (the hotel room effect).Would target key tech areas to get all the interns and other busy spots near downtown / Santana Row.

In saying that, she was also clear that I had built up substantial history that indisputably puts the property in an investment class, not a vacation home masquerading as a rental.  

"Pet rent" is a little more grey - the Residential Tenancies Act does appear to preclude such additional rent amounts, but the practice is widespread and, thus-far, the authorities appear to tolerate it.We only allow pets in select buildings: either ones where we have inherited pets and have yet to perform any substantial retrofit or where the building was renovated with pets in-mind.

I can invision myself starting in 1 year - I already have va strategy in place to stockpile $18K in the next 12 months, thus having substantial start up money I presume.

Hello everyone, My name is Joseph and I'm new to real estate investing or should I say I have known about real estate investing for a while but never took substantial action.