If you're willing and able, I do recommend the "house hacking" strategy which is just a fancy name for buying a rental property and living in one of the units, because you'll get very favorable financing - an owner-occupied fixed-rate 30-year mortgage.I'd also say, analyze that property as if you won't live there and it's a pure rental, and make sure the property is still cash flow positive if there's a tenant in your unit because then you'll know if it's actually a good investment.And when you analyze it, include payment of a property manager in your #s because if you don't, and doing so would make it go cash flow negative, then you've just bought yourself a job because you literally can't step away from managing it without losing money.

Until you have $1 million or more in equity and really understand how to use an LLC, I recommend you just buy an umbrella insurance policy for $1 million.

I was just saying the same thing earlier on a reply to another post... if it works with rates where they are now, imagine how much better when rates drop, plus you didn't have to get it in a bidding war!

Let me know the best way for me to get in touch.

I operate remotely but am mainly based in North Carolina and New Jersey, markets I know well from living in both places.

You never know what opportunities are going to come your way by going to your local real estate meet up.

Should we let the buyer know now or try one last attempt at getting the seller to renegotiate price down 20k?

My question is where do I start with funding and how would I find investors if needed?

we recently worked with another lender who can do a 2nd up to 60% LTV - let me know if that would be of interest for you.

How much net profit in general should I look for on a long term buy and hold rental property like this?