Purchase price was $245k, rehab was $35k, and ARV is $330-350k.

Most of my landlords either don't accept pets at all or are super pet-friendly so pet rent has never been something we have charged.

Or buy something that needs some love and some hard money lenders will fund up to 90-100% of the purchase and rehab.

I think if you just attend any group, you'll find investors that purchase remote and local and you'll be able to learn.

I'm an investor-friendly agent in Cincinnati.

The substitute of collateral was more of a scenario where you sold for $155K, and instead of paying off the $88K loan in your scenario, those funds stayed at the title company and were used on a cash purchase happening nearby in date. 

My goal is to purchase 15 units in the next 5 years, and produce a cash flow of $20k per month within the next 10 years.  

@Wade Wisner -  Most of the notes that we purchase we keep in our portfolio and borrow against them with private capital.

I purchased at 300k with 5% down & put roughly 90k into the property over a 2 year period.

Purchase price: $178,000 Cash invested: $10,000 primary home own use has an Airbnb/ short term rental 5 months out the year/sometime this year will try BRRRR