Credit ~800Presuming 25% down, but open to whatever numbers work out bestNon-owner occupiedLong distance (no specific geography selected yet)Professional managementLeaning towards MHP initially, but open to apartments if the numbers workPriority is maximizing cash flow, especially in the first 1-3 years

Some select states are eligible for 80% cash-out refinances. 

Hello, I think it’s really awesome that you’re just now beginning and you are already coming to the forums to learn so the first thing you need to do is to continue to stay on the forms and you also need to be reading all of the bigger pocketbook and start listening to their podcast to soak up as much knowledge as you can and as long as you do that, you will have all the knowledge you need to start and regarding your question I do not advise to buy a single-family house just to live in it without a rental property aspect so it’s OK if you want to live in the house as well but you will have to either get a multifamily property or you could also buy a single-family home and rent out the other rooms  now see when you have a property that you use just for your family then you have to pay the mortgage every month which is building your equity, but that responsibility is solely on you whereas if it has some sort of rental property aspect, there will be other people helping you build that equity if you were to buy a property just for yourself that is something that will be taking money out of your pocket every month while as a rental property if you buy right will be putting money in your pocket every month the only exception to what I just said is if you buy a property for yourself or just for your family to live in, you could do a live-in flip to where as you’re living in the property you rehab it while your living there and if you buy right with enough knowledge, then when you turn around to sell the property, you will make profit

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

County selection and pricing is very important.

Like there is a federal law that allows owners of 1 to 4 units that live in the property to not have to adhere to the rules of tenant selection..

Maybe right down town in the financial districts.. but you can go to any big city in the mid west rust belt deep south and find all sorts of vacant commercial..

You and he then select an agreement and go from there.

I don't see a home gym as any sort of additional liability, provided that you have machines that are relatively idiot proof and are not inherently dangerous.

I have had cash tenants and Sect. 8 that display that sort of mindset and usually you can see it in the screening process.....as soon as I see it, I am able to gracefully slip out of the conversation and go a different direction.