I purchased a single family to rent out the rooms and it sent my finical plan completely off course because I was not as ready as I previously thought.

Quote from @Enrique Toledo: I came across a really good seller financing deal and I would like to purchase it as my first deal but I don’t have enough money for the down payment.can I use a lender of some sort to give me money for the down payment?

Prove your work ethic, and opportunities will come.6.Enjoy the process.

The idea is simple: purchase a property, live in one part, and rent out the rest to offset your mortgage or even generate profit.

Find a mentor that can help you through the purchase of your first house hack, and get something you can fix up off market directly from the owner.Use the help of the mentor to find out if it's a good deal and to help you understand if it could work.  

My partner and I keep an excel spreadsheet of rent, our purchases, utilities, taxes, insurance, and money spent on contractors.

In my area specifically most investment type property listings are properties that were purchased 1 to 2 years ago.

So it could take a decade to get to todays market rent. 2) it’s almost impossible if not impossible to non-renew a tenant, especially if you’re not an owner occupant. 3) As a seller, even if I could remove paying tenants I never would without a non-refundable payment from a potential buyer that covers all vacancies for 6 months if they fail to complete the purchase. 4) You MIGHT say as a buyer that’s worth it.

Purchase price: $115 Cash invested: $17,000 This is my first fix and flip.

A seller can not sign away his rights in a purchase or any other document.