A wise investor will not try to get rich quick with shortcuts.

Vaping doesn't produce the same strong odors or lingering smoke as traditional cigarettes or hookah, which could be a more acceptable option for your tenant.

A wise investor will not try to get rich quick with shortcuts.

And most nurses don't understand the added cost it takes or a land lord to provide this type of rental, that all have in their mind that all land lords are rich.

You have to have a specific angle on a property or be willing to put up with title or condition problems that nobody else is... or compete with cash-rich guys who buy these things all day.At least I didn't overpay, or even worse, fail to do due diligence and end up with a broken foundation and a jumbo IRS lien!

My approach is probably fairly unique in that if the homeowner wants to keep the house and would traditionally not be able to, I point them in the direction of their equitable remedies and have had success helping folks keep their house and work out a sweet deal with the finance company to boot; I've retained a minority equity stake in the properties as a result.In the case where it's a non-owner occupied property and the investor no longer wants the headache, I negotiate either an acquisition in trust of the LLC/Corporation that is holding the deed, or have the deed quit claimed to me individually.

This may be a loosing proposition for someone looking to get rich quick/do this as a side hustle.

I don't know what your situation is but I just go laid off so I can't used traditional financing that uses my personal income in the decision. jh

There is no reason to buy your own first for experience purposes - and the fact you already live there makes it 'owner occupied' if you end up going with traditional bank financing - which will give you better rates, and access to more programs. 

Buyers are reading concepts on investing that we haven't seen in years or decades like in Rich Dad Poor Dad.