My purpose behind my decision to pursue REI is to gain financial freedom for wife and I, my future family as well as have the ability to make sure my parents are well taken care of once they reach the retirement age.If I had to label myself I’d want to be known as an open minded rental investor for all long term, mid term and short term investing, with the occasional flip for quicker capitol to put back into another rental.

Rooming houses dwindled in numbers, and zoning regulations took out the rest.Now apartments in popular suburbs are as expensive as in center cities, and for people of even moderate means their own apartment or house may not be realistic financially.  

You are not spreading the financial risk if you are responsible for all capital.

I believe that I can help support this vision through bringing attainable and affordable housing to rural areas and help with fill the services gap by what Nancy calls “social capital” rather than financial capital.

Stay Organized: Keep detailed records of all expenses, timelines, and communications.

Financial objective- 100% to 400% cash on cash or don’t do it.  

I've had success with Eagle Eye Networks.Next consider if you want it monitored or just recorded.

Stanley - I would suggest that you go have 3-5 conversations with lenders and understand how much they are willing to lend to you given your financial situation.

Make sure whoever you put in there is financially responsible and I'd do a 6 month or month to month explaining in summer rates will increase.Keep us posted. 

Your best approach is to assume the loan in your personal name and explore legal and financial strategies to integrate your entity afterward.Feel free to reach out with further questions—I’d be happy to help!