If you need a stronger guarantee, then perhaps consider partnering with someone who can assist in that or experience. 

& the time your cash is tied into the place...Also would charge interest to owner for borrowing cash for rehab usually around 8-12% for hard money.

Implemented stronger management and leasing policies.

I thought I'd add the following update updateThe laws in Houston, TX have recently changed and now require grade beam tie-in of all footings, As a result, it's now much more expensive to set the house on a lot.

However, my original desire to achieve financial freedom has just became stronger.

The bank employee is earning a wage or a salary and that is not tied to how any one particular asset does.

The money got tied up in several bad investments and some might just have been partied away.

For the $900 we’d gross, it doesn’t make sense to tie up the $360K in equity.Frankly, this economy has me questioning if I want to wait for the next downturn to invest as interest rates are nearing 5% and property values are beginning to stagnate as we approach our 10th year of economic growth.

I do have about 48k in equity tied up in my primary home.

I do not want to tie up all my money in the investment, so I will definitely be getting a mortgage on it, but I want to get the benefits of being a cash buyer.Thanks!