You don't need a mortgage broker, just a reputable, competent direct lender that will ask the important questions upfront to properly screen your deal.

It allows you to use a small fraction of your own money.

This can not be achieved if you’ve only analyzed a small number of deals.

So even on our small Denver condo, worth $300k right now, if we hold that for 15 years, that thing should be worth $535k.

Vacant SFH, absentee owner, 100% equityYou send a direct mail or postcard asking the seller how much they want for their property. 

If you don't want to manage the property at all, you are losing money on the management when small scale management is not hard at all with a little help.

The owners at the time were directed to our Real Estate agent and she showed us the property as it was a good investment opportunity.How did you finance this deal?

A good investor friendly agent typically does “driving for dollars,” from what I’ve heard, and they might have a direct line on off market properties.Eyes on the Future - At 19, you can stack up quite the portfolio over the next decade.

Section 179 deductions may apply to assets directly supporting your business, excluding personal-use components.This post does not create a CPA-Client relationship.

It's a small place so I'd guess it won't rent for enough to cover your expenses anyway so I'd probably sell, especially if the loss is small, it unless it's in a great neighborhood that you think will do well over time.