I would try not to tie up any of the principal in down payments.Personally, I had a family member do this same thing, but they used an investment portfolio as the collateral instead of real estate.If you play your cards right, this might be the only short-term money you ever need.Please let us know what you end up doing.

Hello Jon,Just something to consider I don't know the details but beaverdam lake gets drained periodically and its just a mudpitt. 

What made you interested in investing in this type of deal?

The states that I know require you to try to mitigate your damages if a tenant breaks a lease early.

For example, I saw a good deal that needed work.

If you're willing to do some work in finding tenants, you can get a better deal on the property.

We don't allow any "deal-making" in the forums, which includes advertising your services or properties, looking for partners, etc.

Would love to know of others that happen.We have an event for InvestingColumbus on March 27th!

Good to know Im in the right ballpark!

I've spent a good deal of an hour clicking around in circles on the DHA webpage and setting up a profile with their bob.ai platform but cannot seem to get real answers or the ability to speak to someone about the details.Anyone have experience with voucher program as a land lord?