Hi Landell, just saw your post from a while back. 

You can go as low as 10% down and there are programs that allows this for first timers with good credit.3.

Quote from @Justin Kurtz: Hi BP, I just moved to the Abilene TX area and was wondering if anyone had any recommendation for a RE attorney in the area?

If any lenders offer lower amounts, they likely still have a minimum origination fee or higher interest rate and are usually individual private lenders rather than institutional private money sources.

Most HOAs in this area don't allow short term rentals, only long term tenants. 3) Make sure you have a great team to guide the transaction so nothing gets missed!

Thank you for your reply.I found the collections history from another family member.

This home has been highly operational with high rates of occupancy, bringing in anywhere from $500-$1500 a month in overage beyond our monthly expenses.

Additionally, another neighbor who owns an adjacent parcel has expressed interest in joining the project, contributing their land to the development as well.I believe this could be a great opportunity for all of us, especially as a unique retirement plan for my family and my neighbors.

Quote from @LaShon Evans: I manage 400 rentals and own 33.

I don't think that simply having an LLC would protect you from that Bubba the roofer.